Megan Cerullo

5 days ago | yahoo.com | Megan Cerullo

Chinese exports to the U.S. plunged in April, as steep tariffs on China make it too costly for many U.S.-based retailers to import goods from the country. President Trump ratcheted up his trade war with Beijing in April, hiking tariffs on Chinese goods to up to 145%. China retaliated with 125% levies on Americans goods.

5 days ago | yahoo.com | Megan Cerullo

President Trump's tariffs are making it a lot more expensive to have kids, parents and baby gear makers say. Sweeping levies imposed by Mr. Trump in April are hiking the prices of baby essentials, including car seats and strollers, amounting to a tax on parents, advocates for reducing costs for families say. At the same time, the White House is trying to encourage Americans to have more children.

6 days ago | cbsnews.com | Megan Cerullo |Alain Sherter

Steep new U.S. tariffs on imports are rattling businesses large and small, with many companies planning to absorb the higher costs by hiking prices for customers. Not footwear company Keen. Although the midsize company, based in Portland, Oregon, operates in an industry that is highly exposed to tariffs, Keen tells customers that it will keep prices steady this year no matter how tariffs affect its costs.

1 week ago | cbsnews.com | Megan Cerullo

Japanese automaker Toyota said President Trump's tariffs would cost the company $1.3 billion in just two months. Toyota highlighted the levies' hit to profits at a press briefing on Thursday on its fiscal year which ended March 31, 2025. The company said during the briefing that it expects the tariffs to cost it $1.3 billion in April and May alone. The Trump administration in March imposed a 25% tariff on the roughly 8 million vehicles assembled abroad that the U.S. imports annually.

1 week ago | cbsnews.com | Megan Cerullo |Alain Sherter

Ford Motor on Wednesday said it is raising prices on three models produced in Mexico, pointing to higher U.S. tariffs on imported vehicles as one reason for the adjustment. The vehicles subject to the price increases of up to $2,000 per model include the Maverick, Bronco Sport and Mach-E, Ford said in a statement to CBS News. The price hikes apply only to imported vehicles that were built after May 2. Those models are expected to arrive dealership lots in late June.