Politicians talk a lot about tariffs, and much of what they say boils down to a simple question: Who pays? President Trump has insisted repeatedly that foreign countries will foot the bill for American tariffs.

In November, all of Randy Richards’ soybeans remained in storage on the land he farms just outside of Hope, North Dakota. In 2024 and 2023 and many years before, that was not the case. Richards would have sold at least half of his soybeans to a local ...

Washington — A divided Supreme Court on Wednesday appeared skeptical of President Trump's authority to unilaterally impose tariffs on nearly every country under a federal emergency powers law, as the justices tested a centerpiece of his economic agenda ...

Alison is a senior news reporter covering US politics and legal news. Major companies including Costco, Revlon and Kawasaki Motors are increasingly going to court over President Donald Trump’s sweeping “Liberation Day” tariffs as the Supreme Court ...

Earlier this month, the Supreme Court heard arguments over the legality of President Trump’s tariff policies. Based on the justices’ questioning, it appears the court is skeptical that a president has the authority to impose sweeping tariffs without ...

The White House announced several trade deals with South and Central American nations that could lead to reduced tariffs on certain goods, including certain coffee, banana and beef exports. The countries involved in the agreements are Ecuador, Guatemala ...

The tariffs at the heart of this week's Supreme Court case are raising tens of billions of dollars for the federal government. They're also costing consumers, frustrating businesses and hurting the manufacturers they're supposed to help. The average tax on ...

Omar Villafranca is a CBS News correspondent based in Dallas. He joined CBS News in 2014 as a correspondent for Newspath. Before CBS, Villafranca worked at KXAS-TV Dallas-Fort Worth, at KOTV-TV the CBS affiliate in Tulsa, Oklahoma, and at KSWO-TV in Lawton ...

Kent Jones does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. The U.S. Supreme Court is currently ...

As U.S. imports from China have declined amid the two countries’ trade war, China has sent more exports to Southeast Asia, Africa, Latin America and elsewhere.