In a move that could upend American foreign relations across the globe, President Trump announced Wednesday that he is instituting what he described as “reciprocal tariffs” on dozens of U.S. trading partners. Beginning April 5, all imports to the U.S. will be subject to a baseline tariff of 10%. Then, starting April 9, about 90
Senior Food and Drug Administration leaders are planning for cutbacks to the number of routine food and drug inspections conducted by the agency, multiple officials say, due to steep layoffs this week in support staff. Around 170 workers were cut from the FDA’s Office of Inspections and Investigations, according to two federal health officials who
Several European leaders reacted negatively to President Trump’s tariff announcement. Italian Prime Minister Giorgia Meloni wrote on social media that she felt the tariffs were misguided and would not help either the U.S. or Italy. “We will do everything we can to work towards an agreement with the United States, with the aim of avoiding
Washington — The Senate approved a measure Wednesday aimed at blocking the Canada tariffs, as a handful of Republicans bucked President Trump. In a 51 to 48 vote, four Republicans joined all Democrats in favor of the measure. But the House is unlikely to take up the resolution, making the vote largely a symbolic
13m ago Trump signs executive orders After a nearly hourlong speech, Mr. Trump signed two executive orders enacting the reciprocal tariffs and another closing a U.S. loophole that allows duty-free shipments of Chinese goods worth less than $800. By Caitlin Yilek https://www.cbsnews.com/live-updates/trump-liberation-day-announcement-tariffs/#post-update-5c4512c5 33m ago What is a “reciprocal” tariff? President Trump on Wednesday
Washington — President Trump on Wednesday announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, as well as higher, “reciprocal” tariffs on nations that impose tariffs on U.S. exports, despite warnings from economists over increased prices. The president, who signed an executive order to impose the tariffs,
President Trump announced two new types of tariffs on April 2, or what he’s calling “Liberation Day,” aimed at erasing trade deficits between the U.S. and its trading partners. The two new tariffs are: A 10% universal import duty on all goods brought into the U.S. So-called reciprocal tariffs that will be applied to imports