Washington — President Trump said Friday that his administration is launching an investigation into the European Union’s trade practices over billions of dollars in fines imposed on the United States’ biggest tech companies. In a post on Truth Social, Mr. Trump said the investigation under Section 301 of the Trade Act is beginning “immediately” and…
President Trump’s newly announced tariffs target 60 economies with rates ranging from 10% to 12.5%. They replace Section 122 levies, which expired early Friday morning. The new tariff schedule, announced by the White House Thursday evening, is enacted under Section 301 of the Trade Act of 1974. It places tariffs of up to 12.5% on a…
The Trump administration will impose tariffs of up to 12.5% starting Friday on goods from 60 U.S. trading partners accused of failing to crack down on forced labor, it announced Thursday, a move that will extend the administration’s tariffs on much of the world. Most of the trading partners will face 12.5% tariffs, including Vietnam…
Washington — The House on Wednesday passed a bill placing some limits on congressional stock trading, but the lack of tougher restrictions and the inclusion of a voter ID provision complicated its support among Democrats. Lawmakers approved the bill in a 232 to 198 vote, with 13 Democrats voting with all Republicans in favor. The…
The Justice Department is suing two Chinese companies to force a mandatory recall of immersion water heaters, alleging that the products can overheat and catch fire “within minutes” after they’re turned on, according to court filings obtained by CBS News. The heaters can be used in bathtubs and pools. The lawsuit, filed Wednesday in federal…
Oil prices jumped more than 4% Wednesday, with international benchmark Brent Crude trading over $95 a barrel – a $20 rise since the U.S. and Iran resumed fighting on July 7. Shippers remain reluctant to transit the Strait of Hormuz, despite U.S. Central Command insisting again Tuesday night that it “remains open.” Iran has continued…
Pakistan on Wednesday “unequivocally” condemned the recent threats issued by Houthis against Saudi Arabia and commercial shipping in the Red Sea, the Foreign Office said. Islamabad’s statement comes after Yemen’s Houthi rebels, aligned with Iran, announced an immediate maritime embargo on Saudi Arabia, opening a new front in the Middle East conflict. The naval blockade,…
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries. The new tariffs — laid out in a series of proclamations signed by Mr. Trump on Monday — are set to take effect on Aug. 19. The White House…
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan: Sen. Mark Warner, Democrat of Virginia CBS News contributors Chris Krebs and David Becker New York Gov. Kathy Hochul, a Democrat Border czar Tom Homan Bank of America CEO Brian Moynihan Click here to browse full transcripts from 2026 of “Face…
The following is the full transcript of an interview with Bank of America CEO Brian Moynihan, a portion of which aired on “Face the Nation with Margaret Brennan” on July 19, 2026. Editor’s note: This interview was taped on July 16, 2026. MARGARET BRENNAN: We’re joined now by the president and CEO of Bank of…
