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Scott Horsley

Stories

  • TARIFF FEARS

    There was another sell-off on Wall Street Thursday, as investors take stock of President Trump's trade war. Growing tensions with China are expected to raise prices in the coming months, just when it looked like inflation was about to cool off.

  • caption: Falling gasoline prices helped keep inflation in check last month.  AAA says the average price of regular gas nationwide is $3.22.

    Inflation is cooling -- but Trump's tariffs could upend things

    Consumer prices in March were up 2.4% from a year ago — a smaller annual increase than forecasters had expected. While President Trump has suspended many of his new tariffs, import taxes that remain could push prices higher in the months to come.

  • Morning news brief

    Facing pressure from world markets President Trump blinks on tariffs, businesses welcome that temporary tariff relief, a former top cybersecurity official is targeted by Trump as a private American.

  • Trump pauses most tariffs for 90 days

    President Trump's trade war is starting to take a toll on US importers. Double-digit tariffs on goods from dozens of countries took effect overnight.

  • Morning news brief

    President Trump says he will not pause tariffs as markets tumble, a look at the economics of Trump's trade war, Supreme Court rules administration can continue deportations under Alien Enemies Act.