"President Trump's major tariff announcement on Wednesday led to a Thursday meltdown on Wall Street and backlash across the globe. CBS News reports."
"During an earnings call, the CEO of RH, formally known as Restoration Hardware, reacted in real time as the company’s stock dropped more than 40%. RH has supply chains across the world and expects costs to rise under President Donald Trump’s newly announced tariffs."
"The UK has listed 8,000 US goods - from binoculars and bourbon whiskey to automotive parts and cheese - on which any future retaliatory tariffs could be imposed"
"As President Donald Trump departed the White House on Thursday afternoon — his first time in public since announcing sweeping new tariffs that have jolted global markets and sparked recession fears — he likened the duties he imposed this week to a successful medical procedure."
"US stocks slumped today as President Donald Trump’s tariffs roiled global markets. New York Stock Exchange trader Peter Tuchman joins CNN’s Erin Burnett to discuss the mood on the floor on the market’s worst day since 2020."
"Markets dipped around the world Thursday as countries came to grips with President Trump's announcement of mass tariffs. Ramy Inocencio reports from London and Maurice Obstfeld, senior fellow at the Peterson Institute for International Economics, joins "CBS Evening News" with analysis."
"It was a dramatic day for the markets as Wall Street reacted with fear and pessimism to the Trump administration's sweeping tariffs. CBS News' Kelly O'Grady, Weijia Jiang and Caitlin Huey-Burns report."
"The Chief Executive of Eli Lilly has told the BBC that he is doubtful tariffs could bring manufacturing jobs to the US whilst raising billions in tax revenue"
"Thursday was Wall Street's worst day since 2020 as investors reacted to President Trump's sweeping new tariffs on all nations. CBS News' Kelly O'Grady, Weijia Jiang and Caitlin Huey-Burns have the details."
"Stock markets across Asia-Pacific and Europe fell Thursday and US markets tumbled after President Donald Trump announced new tariffs on trading partners around the world. Commerce Secretary Howard Lutnick says President Trump will not back down on these tariffs."
"Major brands have been feeling the impact of Donald Trump's newly announced 'Liberation Day' tariffs, with Nike, Adidas and Puma among the big names to suffer huge losses already"
"CNN’s Business editor-at-large Richard Quest explains why he’s not surprised by the impact of President Donald Trump’s tariffs and who he believes will feel the immediate effect."
"Backlash to President Trump's tariffs cropped up throughout Capitol Hill on Thursday, as Democrats, and some Republicans, expressed concern about the sweeping levies on foreign imports."
"US President Donald Trump revealed a raft of tariffs on Wednesday causing stock markets to plunge but he remains confident saying: "I think it's going very well""
"Canadian Prime Minister Mark Carney is reacting to President Trump's widespread tariffs that investors and businesses around the world are worried about. CBS News' Shanelle Kaul and Kelly O'Grady report."
"Stellantis has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs — and as a result, some US workers will also be temporarily laid off."
"President Trump's new global tariffs are likely to mean higher prices for many products, experts say. U.S. Commerce Secretary Howard Lutnick joins "CBS Mornings" to talk about the president's plan and the impact on consumers."
"Donald Trump launched a bizarre rant claiming the 'patient lived, and is healing' after unveiling punitive tariffs on all imports - but his move has sent US financial markets into meltdown"
"President Donald Trump unveiled sweeping 10% tariffs on all imports to the United States Wednesday, but about 60 countries or trading blocs will see even higher rates in an escalating move that is poised to initiate a global trade war."