President Trump hit China with new tariffs as retaliation for tariffs China slapped on U.S. goods. The escalating trade war has Wall Street worried. Weijia Jiang reports and yours truly makes an appearance!
The trade battle between the U.S. and China is rocking stock markets around the world. Major indexes lost nearly 3% or more on Monday and the Treasury Department is now labeling China as a currency manipulator. I joined CBS This Morning with more on what that means for your money.
President Trump is doubling down on his threat to impose new trade tariffs on Mexico. On Sunday, he tweeted "the problem is that Mexico is an abuser of the United States, taking but never giving." Last week, the president announced an initial five percent tariff on all imports from Mexico, if the country does not stop illegal immigration to the U.S. The first round of tariffs is due to take effect June 10. I joined CBS This Morning to discuss how this could affect American consumers and businesses.
A surprise move by the president to impose tariffs on Mexico could impact billions of dollars of goods. The auto industry would take the biggest hit. Weijia Jiang reports and I make an appearance.
The stock market plunged amid an escalating trade war between the U.S. and China, but will American consumers be impacted the most? I discussed on the CBS Evening News.
President Trump is warning China not to retaliate for the newest tariff hike on its imports. Three days ago, the President raised tariffs to 25 percent on approximately $200 billion on Chinese goods. I joined CBS This Morning to discuss how the tariffs will impact the average consumer.
Americans are already paying $1.4 billion a month more after the last round of tariffs targeting Chinese goods, according to experts from the federal reserve bank of New York. Carter Evans reports, and I weigh in with my analysis.
How will increased tariffs on Chinese goods impact the American consumer? I discussed on CBSN.
A massive trade deal between the U.S. and China is in jeopardy. That could impact millions of Americans as President Trump threatens to double the tariffs on Chinese imports. Stocks fell with the news. Ben Tracy reports and I make a guest appearance!
Apple stunned investors with a rare warning that revenue from its first quarter will not meet expectations. In part the company blames slower iPhone sales in China. CEO Tim Cook says a weaker Chinese economy and trade tensions with the U.S. are hurting Apple. What it means for the global economy. I discussed on CBS This Morning.
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The Trump administration is preparing tariffs on another $200 billion in Chinese imports. The latest round could impact the price of everything from seafood to shampoo. I explain what that means for consumers on the CBS Evening News.
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Mexico, Canada and the European Union are vowing to retaliate against the U.S. for new tariffs on imported steel and aluminum. The Trump administration's 10 percent tariff on aluminum and 25 percent on steel took effect today. I joined "CBS This Morning" to discuss the impact on consumers.
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I joined CBS This Morning: Saturday to discuss what the U.S. has to lose if it gets into a trade war with China and how trade wars often lead to a recession.
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It was a tough day on Wall Street Monday, as the Dow plunged as much as 700 points, hitting it's low for the year, before recovering at the end of the day. The dip was partly due to concerns about a trade war, but that wasn't all.
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President Trump took the first step toward slapping as much as $60 billion in tariffs on products imported from China. That stoked fears on Wall Street, and the Dow lost more than 700 points.
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The continuing threat of a trade war sent stocks lower again on Friday after a 420-point drop Thursday. I joined CBS This Morning: Saturday to discuss why President Trump's tariffs on aluminum and steel could ultimately slow down world economic progress.
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President Trump tweeted that "trade wars are good and easy to win." Mr. Trump said when other countries "get cute, don't trade anymore, we win big." I joined CBS This Morning to talk about the new steel and aluminum tariffs and the impact they will have on the market.
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President Trump is approving tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers. The administration is imposing an immediate tariff of 30 percent on most imported solar modules, with the rate declining before phasing out after four years.