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Global stock markets react to Trump’s sweeping tariffs in effect now

By Home - CBSNews.com Aug 7, 2025 | 9:47 AM

President Trump’s sweeping tariffs on dozens of countries are now in effect. The markets are reacting to the changes in trade. CBS News’ Ramy Inocencio reports.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.
Draw down the state's rainy day funds to pay for more spending.
Tax the so-called "skill games" machines to pay for more spending.
Legalize recreational marijuana to pay for more spending.
We don't need more spending, we need less! No new taxes!
We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!
Voting Ends: Oct 7, 2025 | 12:00 PM