President Trump said he would sign another executive order to delay enforcement of a law that effectively bans TikTok, amid talks about a possible deal to sell the widely popular platform. Mr. Trump signed an executive order on his first day directing the Justice Department to not enforce the ban for 75 days. The order instructed the Justice Department to not take action or impose penalties against "any entity for any noncompliance."
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Updates
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Stellantis is temporarily laying off 900 workers across the Midwest as it pauses production at some Canadian and Mexican plants due to President Trump’s 25% tariff on imported cars and parts. Auto workers fear these layoffs could last longer and expand, putting further strain on families already struggling to make ends meet: “People are worried.”
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Following President Trump's new tariffs, you can save money by shopping at wholesalers and choosing lesser-known brands, says CBS News' Kelly O'Grady.
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BREAKING: The Dow Jones plunges more than 1,000 points as investors assess the impact of President Trump's latest tariffs.
Dow Jones plunges more than 1,600 points as stock market recoils from Trump tariff shock
cbsnews.com
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After President Trump's announcement of sweeping new tariffs on countries worldwide, CBS News' Kelly O'Grady shows how the stock market has responded to inflation and drops in consumer confidence since Trump returned to office.
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President Trump announced new tariffs on Wednesday, which he dubbed "Liberation Day." These include a baseline tariff of 10% on all countries. Trump said the tariffs would help "rebuild our economy" and "prevent cheating." The baseline tariffs take effect on April 5. https://lnkd.in/gbrvBfn9
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President Trump on Wednesday announced "reciprocal tariffs" on roughly 60 countries, saying that it would help trade deficits that are "a national emergency." A reciprocal tariff is a tax on U.S. imports that matches the duties that other countries charge on American exports. The Trump administration said it will impose these tariffs at roughly half the rate of duties charged by other nations. https://lnkd.in/gbrvBfn9
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President Trump vowed that his new "reciprocal tariffs" on other countries will bring "lower prices for consumers" on goods. https://lnkd.in/gbrvBfn9
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President Trump says the U.S. will impose 25% tariffs on all foreign-made automobiles, starting Thursday at midnight. https://lnkd.in/gbrvBfn9