Former President Donald Trump is preparing to impose sweeping new tariffs this week as his second term faces electoral tests in Wisconsin and Florida today. Follow here for the latest live news updates.

11 March 2025: Donald Trump responds to Ontario Premier Doug Ford’s threats to tax electricity exports to the US by doubling planned tariffs on Canadian steel and aluminium imports to 50%. The US president later reverts this measure back to 25% and Ford's own threat is suspended.

CBS News is tracking the rising cost of products most impacted by tariffs imposed​ and soon-to-be-imposed by President Trump, from grocery items to cars and trucks.

President Donald Trump is set to unveil a sweeping tariff plan from the Rose Garden tomorrow, with European leaders, China, Japan, and South Korea preparing retaliatory measures. Meanwhile, two key elections are taking place today: a Wisconsin Supreme Court race that could shift the court's ideological control and special elections in Florida to fill the seats left by former Republican Reps.

President Trump has made up his mind on the size of upcoming sweeping reciprocal tariffs and is "perfecting" the final details, the White House said.

The major car companies say sales rose sharply in March, with most reporting double-digit gains. For some companies, the strong performance last month helped make up for a sluggish start to the year.

Consumers, business owners, and even the stock market are worried President Donald Trump’s tariffs will cause a recession. Wilbur Ross, his former commerce secretary, disagrees. The stock market has been surprised that Trump made tariffs his first order of business (they’d been hoping for tax cuts and deregulation).

As President Trump prepares to unveil new tariffs, businesses in the Philadelphia area say their prices could rise.