Prices of clothing and shoes are expected to be particularly impacted by the tariffs, Yale University’s Budget Lab found.

The executive director of the Port of Los Angeles said this year is expected to be much quieter due to President's Trump's tariffs. CBS News' Jo Ling Kent reports.

President Trump is targeting multiple countries with potentially steep tariffs starting Aug. 1 if they don't reach a trade deal with the U.S. CBS News' Jo Ling Kent explains how the uncertainty around tariffs is impacting U.

Oil prices fell more than 2% on Thursday, as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth. Brent crude futures settled at $68.64 a barrel,

Levi Strauss & Co. jumped in late trading after raising its revenue outlook, with the maker of 501 jeans expecting sales growth to outweigh the impact of President Donald Trump’s tariffs. The company now sees revenue up between 1% and 2% for the current fiscal year — above the average analyst estimate and up from a previous view that sales would decline 1% to 2%.

President Trump has slapped a 50% tariff on Brazilian goods, due in part to the ongoing trial of former Brazilian President Jair Bolsonaro, who is facing charges that he helped orchestrate an attempted coup of the Brazilian government.

By Gabriel Araujo SAO PAULO (Reuters) -Shares of Brazilian planemaker Embraer fell on Thursday after U.S. President Donald Trump said he would impose a 50% tariff on all imports from the South American country.