Trump's sweeping new tariffs in effect, including 104% on China
CBSN
President Trump's tariffs on imports from dozens of countries came into force Wednesday, including 104% on goods from China, dramatically ramping up a potential global trade war. The tariffs took hold at 12:01 a.m. EDT.
Following the imposition of sweeping 10 percent tariffs have rocked the global economy since taking hold over the weekend, rates on imports to the United States from exporters like the European Union or Japan rose further at 12.01 am (0401 GMT) Wednesday.
China -- Washington's top economic rival but also a major trading partner -- is the hardest hit.
We may receive an affiliate commission from anything you buy from this article. In:
Police in Barcelona, Spain, said the death of James "Jimmy" Gracey, a University of Alabama student from Illinois who went missing on vacation, was likely an accident. In:
A 31-year-old Georgia woman has been charged with murder by police who say she took pills to induce an abortion in violation of a state law that bans it after the earliest weeks of pregnancy. In:
The Justice Department says it has shuttered four websites that were allegedly used by Iranian government-linked groups to post hacked information and threaten regime critics.
A federal arts commission on Thursday approved the final design for a 24-karat gold commemorative coin bearing President Trump's image to help celebrate America's 250th birthday on July 4. In:
The Federal Communication Commission announced Thursday evening that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna. The move came on the same day that attorneys general in eight states and DirecTV filed separate lawsuits seeking to block the deal, arguing that it will lead to higher prices for consumers and stifle local journalism. In:
Requiring photo ID to vote and proving citizenship to register both find wide and often bipartisan support. In:
Mortgage rates in the U.S. jumped this week to the highest level in three months, as the Iran war fans inflation fears and puts pressure on the U.S. housing market. Edited by Alain Sherter In:
Soaring energy prices due to the Iran war could provide a massive windfall for U.S. oil companies. Edited by Alain Sherter In:
Washington — Former FBI Director James Comey has been subpoenaed by federal prosecutors in Miami as part of the Justice Department's investigation into Obama-era intelligence officials, two sources familiar with the investigation tell CBS News.
Washington — A group of senators met with border czar Tom Homan on Thursday as negotiators continue to seek an agreement to reform Immigration and Customs Enforcement and end the shutdown of the Department of Homeland Security. Nikole Killion, Alan He and Caitlin Huey-Burns contributed to this report.
Intensifying violence in the Middle East could send oil prices careening above their all-time high, raising the risk of higher inflation and slower economic growth, experts said. Edited by Aimee Picchi In:
President Trump brought up Pearl Harbor while seated next to Japanese Prime Minister Sanae Takaichi in the Oval Office on Thursday, as he explained why the U.S. didn't give allies like Japan a heads-up before striking Iran. In: