American importers can store goods in the U.S. Customs and Border Protection's bonded warehouses nationwide to defer import duties amid rising tariffs.

Gov. Gretchen Whitmer is warning that President Donald Trump’s “chaotic policies” on tariffs will cost Michigan residents thousands of dollars each year.

Egg prices cooled significantly in June, deviating from an overall rise in prices. The price of eggs climbed 27% over the year ending in June, which marked a slowdown from 41% year-over-year growth in May. Under Trump, inflation has defied doomsday predictions and helped to propel sturdy economic performance.

Trump recently summed up his approach when talking to reporters about trade talks with other countries. "They don't set the deal," he said. "I set the deal."

U.S. President Donald Trump pitched his 50% tariffs against Brazil as a way to support former President Jair Bolsonaro, but three people close to the right-wing ex-president said they were stunned by the move and fear it may do more harm than good.

The move comes amid a separate push by President Trump to increase tariffs on dozens of U.S. trading partners, including Mexico, which was told over the weekend to expect 30% tariffs starting in August.

President Trump has set an August 1 deadline for several countries to reach trade agreements with the U.S. before they're hit with increased tariffs. CBS News MoneyWatch correspondent Kelly O'Grady reports.

President Donald Trump launched the latest salvo in his trade wars last week, sending a slew of letters to U.S. trading partners threatening to impose higher tariffs starting Aug. 1. The letters, posted on social media last week,