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How President Trump's New Tariffs Could Impact Your Finances | Grammy Awards Recap | Jefferson White to Narrate New Hunger Games Audio Book

Feb 3, 2025

51:55

President Trump signed an executive order on Saturday imposing 25% tariffs on imports from Canada and Mexico and an extra 10% on goods from China. It is set to take effect Tuesday at 12:01 a.m. The president said Sunday that tariffs on European countries are coming next.

CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" to discuss how tariffs could affect your finances.

President Trump claimed that California "withheld water supplies" that could have made a difference fighting the deadly wildfires. He then ordered the Army Corps of Engineers to release billions of gallons of water from Northern California. An expert says the water is unlikely to reach L.A.

U.S. Secretary of State Marco Rubio met with Panama's president Sunday and warned the increased presence of Chinese companies and interests along the Panama Canal is "a threat" and the U.S. could take "measures necessary to protect its rights" unless changes are made. It comes as President Trump has demanded more control over the Panama Canal. CBS News' Ed O'Keefe has more.

The Grammy Awards reimagined their focus to raise money for those impacted by the devastating wildfires in the Los Angeles area. On Sunday night, heroes on the frontlines battling the deadly fires were recognized alongside Grammy winners.

CBS News contributor David Begnaud shows how three teenage boys at a special high school in Iowa jumped into action to help save a man they saw struggling after he fell on train tracks.

Jefferson White, star of "Yellowstone," is the narrator of the audio book edition of "Sunrise on the Reaping," a new Hunger Games novel by Suzanne Collins. It focuses on Katniss Everdeen's future mentor Haymitch Abernathy as he competes in the 50th annual games.

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