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Terms apply. Terms

1:02

apply. From CBS News Headquarters

1:04

in New York. This is

1:06

the CBS Evening News. Good

1:12

evening, I'm John Dickerson. I'm Maurice

1:14

Dubois. There will be no ceasefire

1:16

in the Trump trade war, not

1:18

right now, but peace talks may

1:20

be coming. The president said today

1:22

he will not pause the tariffs

1:24

he's put on imports from the

1:26

rest of the world, but he

1:28

said many countries are coming to

1:30

negotiate. In the meantime, the president

1:32

is ready to escalate the war.

1:34

He threatened today to raise the

1:36

tariff on Chinese imports to more

1:38

than 100% in retaliation for the

1:40

tariff China put on U.S. products

1:42

last week. That tariff was retaliation

1:44

for the terrorist Mr. Trump put

1:47

on Chinese imports. Wall Street wasn't

1:49

sure what to make of all

1:51

this. After last week's big sell-off,

1:54

stocks bounced up and down all

1:56

day, including heart-stopping, 25-100-point swing in

1:58

a... half hour. And at the

2:01

close the major indexes were mixed.

2:03

The Dow lost just under 1%.

2:05

The S&P 500 was off about

2:07

a quarter percent and the NASDAQ

2:10

ended just about where it started.

2:12

We start tonight at the White

2:14

House with Nancy Cortis. Nancy. Good

2:17

evening Maurice. White House officials say

2:19

they have already been approached by

2:21

more than 50 countries looking to

2:24

cut deals to avoid these tariffs

2:26

to avoid these tariffs. So far,

2:28

President Trump hasn't accepted any of

2:30

the offers he's received, leading some

2:33

world leaders to wonder what exactly

2:35

it will take to get him

2:37

to say yes. The first leader

2:40

to come to the White House

2:42

with hat in hand today was

2:44

Israeli Prime Minister Benjamin Netanyahu. He

2:47

vowed to buy more American goods.

2:49

We will eliminate the trade deficit

2:51

with the United States. We intend

2:54

to do it very quickly. President

2:56

Trump praised the offer. I appreciate

2:58

very much what you said about

3:00

the tariffs. And yet he did

3:03

not agree to lift his new

3:05

17% tariff on Israeli goods set

3:07

to go into effect on Wednesday

3:10

alongside even bigger tariffs on dozens

3:12

of countries. We've been ripped off

3:14

and taken advantage of by many

3:17

countries over the years and can't

3:19

do it anymore. Just can't do

3:21

it anymore. Can't be the stupid

3:24

people anymore. As the market's gyrate,

3:26

it is getting harder to find

3:28

a Wall Street Titan or major

3:30

CEO who will call the new

3:33

tariffs smart policy. The economy is

3:35

weakening as we speak. Larry Fink

3:37

runs the investment firm Black Rock.

3:40

Most CEOs I talk to. I

3:42

would say we are probably in

3:44

a recession right now. Right now.

3:47

Some countries are hoping to cut

3:49

a deal fast. Vietnam and Zimbabwe

3:51

offered to eliminate their tariffs on

3:54

US goods entirely. The European Union

3:56

offered today to eliminate tariffs on

3:58

US cars. and industrial goods if

4:00

the U.S. does the same. President

4:03

Trump rejected that deal right away.

4:05

Is that not enough? Well, the

4:07

EU, no it's not. The EU

4:10

has been very tough over the

4:12

years. The uncertainty is leading some

4:14

U.S. allies, like the U.K.'s Kierstarmer,

4:17

to seek free trade with others.

4:19

When it comes to the U.S.,

4:21

I will only strike a deal

4:24

if it's in our national interest.

4:26

Nancy, if the president is not

4:28

satisfied so far with the various

4:30

offers, he's gotten... what does he

4:33

want? Well,

4:35

John, he says it's about more

4:37

than just the tariffs that other

4:39

countries impose on US goods right

4:42

now. He wants those countries to

4:44

eliminate regulations that create barriers to

4:46

US goods being sold abroad. For

4:48

example, he complained today that very

4:50

few US cars are sold in

4:53

Japan. He wants the Japanese government

4:55

to change that, but that could

4:57

be... pretty difficult for the Japanese

4:59

government to change if part of

5:01

the problem is simply that Japanese

5:04

drivers prefer Japanese cars. Nancy we

5:06

saw Larry thinking your piece there

5:08

expressing some skepticism and serious concern.

5:10

What about other big business leaders

5:12

and supporters? What are they saying?

5:16

They are getting more vocal Maurice

5:18

for example Jamie Diamond someone who

5:21

many people know the CEO of

5:23

JP Morgan He said today he

5:25

is most worried about what this

5:27

could mean for US economic alliances

5:29

in the long run You heard

5:31

what cheer Starmer for instance had

5:33

to say there then there's Bill

5:35

Ackman. He is a billionaire hedge

5:38

fund manager, a big Trump supporter,

5:40

but today he called these tariffs

5:42

an economic nuclear war. And even

5:44

Elon Musk, one of the president's

5:46

top advisors here at the White

5:48

House, he said that he hopes

5:50

eventually that the US and Europe

5:52

don't impose any tariffs on each

5:55

other. Nancy Court, as far as

5:57

at the White House, thank you,

5:59

Nancy. Among the businesses, that'll be...

6:01

hurt in this trade war are

6:03

toy stores. 77% of the toys

6:05

sold in the United States are

6:07

made in China and they will

6:09

be subject to the Trump tariffs.

6:12

Nancy Chen has the toy store.

6:14

The trade war is making business

6:16

at Jazam's toy store. Anything but

6:18

fun and games. How much of

6:20

your store depends on imports? Wow.

6:22

Over 90%. To get ahead of

6:24

tariffs, owners Joe and Ferruja and

6:26

Dean Smith dipped into their cash

6:29

savings, spending $400,000, nearly double their

6:31

usual budget to stockpile toys and

6:33

books. We scrambled to figure out

6:35

which countries were being affected in

6:37

what way. And then when we

6:39

saw the list, it felt like

6:41

there was nowhere to run. What

6:43

happens when you use up that

6:46

stockpile? then we're going to be

6:48

subject to these tariffs. The US

6:50

is home to 3% of the

6:52

world's children, but buys 38% of

6:54

the world's toys. Last year, the

6:56

industry was valued at $42 billion.

6:58

Consumers might look at things like

7:00

toys and think, hey, is this

7:03

discretionary spending? Do we really have

7:05

to have it? What do you

7:07

say to that? So, as a

7:09

toyster... Co-owner, I would say yes,

7:11

because a child's work is play.

7:13

And so this all matters. With

7:15

no way to absorb all the

7:17

extra costs, Josam says it will

7:20

be forced to pass them on

7:22

or close its doors. It feels

7:24

right now that small businesses are

7:26

being abandoned. That's tragic. And Nancy

7:28

Chen joined us now, so why

7:30

is it? that toy stores can't

7:32

absorb these costs. Well, the profit

7:34

margin for a lot of these

7:37

smaller stores is already so slim

7:39

that costs will likely be passed

7:41

on. The Toy Association tells me

7:43

that costs for these toys could

7:45

go up anywhere from 35 to

7:47

54 percent. or the full amount

7:49

of the tariff. And it's your

7:51

remind us of the role that

7:54

small business plays in, everybody hears

7:56

about Wall Street, but the role

7:58

small business plays in the economy.

8:00

Small businesses fuel the U.S. economy.

8:02

They make up 99.9% of the

8:04

U.S. businesses. Okay, Nancy Chen, thanks

8:06

so much. Tariffs will also raise

8:08

the cost of construction and reconstruction.

8:11

Carter Evans tells us that will

8:13

hurt the victims of the Los

8:15

Angeles County wildfires as they try

8:17

to rebuild. It's just rubble. I

8:19

mean it looks like a war

8:21

zone. This is the first time

8:23

Jake Downey returned to the building

8:25

his family own since the palisades

8:28

fire burned it to the ground.

8:30

This is Sunset Gardens. This is

8:32

the apartment building that my grandmother

8:34

built in 1959. He has fond

8:36

childhood memories of visiting her here

8:38

and playing in the pool. Now

8:40

all 14 units are gone. His

8:42

family is determined to rebuild but

8:45

it will come at a high

8:47

cost. Well I think that everyone

8:49

is going to have stick or

8:51

shock when they rebuild. That's in

8:53

part due to the rising cost

8:55

of lumber. 5.9 billion dollars worth

8:57

of wood products were imported from

8:59

Canada last year. During the Biden

9:02

administration the duty tax wrote... to

9:04

almost 14.5% and it's on schedule

9:06

to more than double by early

9:08

fall. If the president adds a

9:10

25% tariff, that would bring the

9:12

combined import tax on Canadian lumber

9:14

to more than 50% and increase

9:16

the cost of building a home

9:19

by about $10,000. Everyone is really

9:21

scared on what's going to happen.

9:23

And I think the answer is,

9:25

is they're saying, if you can

9:27

buy now, buy now. Contractor Joseph

9:29

Perez is helping rebuild homes in

9:31

fire ravage communities in Los Angeles.

9:33

says he's already seen businesses hoarding

9:36

building supplies. I think a big

9:38

chunk of the lumber went to

9:40

a couple of different lumber houses.

9:42

They sold it to only their

9:44

best buyers and then they're holding

9:46

it for their projects or even

9:48

worse, they're holding it to price

9:50

gouge smaller contractors. He says homes

9:53

in the more affluent Pacific Palisades

9:55

will likely be rebuilt faster. than

9:57

those in working class, Altadena. Competition

9:59

for supplies and workers will be

10:01

fierce. I think the rich get

10:03

to their supplies first, which is

10:05

sad, but that's what happens. Back

10:07

at Sunset Gardens in the Palisades,

10:10

Downey ran into the Torres family

10:12

who lived in the building for

10:14

eight years. We want to try

10:16

to bring this back. But I

10:18

know it's going to be a

10:20

while. Have you thought about what

10:22

rebuilding is going to be like

10:24

when you're doing it with 16,000

10:27

other people across Los Angeles County?

10:29

Yeah, it's daunting, but we have

10:31

to do it. We simply must.

10:35

Now wood from Canada is also

10:37

used to make other products like

10:39

toilet paper. The main ingredient for

10:42

many toilet paper manufacturers is Canadian

10:44

softwood pulp. Now lumber tariffs would

10:46

likely shrink the supply of that

10:49

pulp increasing prices and potentially causing

10:51

a pandemic style toilet paper shortage.

10:54

Potter Evans's Los Angeles, thank you.

10:56

Now more of the top stories

10:58

from around the world in tonight's

11:01

evening news roundup. At least 24

11:03

people have been killed since last

11:05

week by severe storms in the

11:08

South and the Midwest. Tennessee is

11:10

among the hardest hit. Rob Marciano

11:12

will be here later in the

11:15

broadcast. The Dallas Company, Colosso Biosciences,

11:17

says it has breathed new life

11:19

into the dire wolf, a species

11:22

that has been extinct for more

11:24

than 10,000 years. Scientists use DNA

11:26

from the fossils of dire wolves

11:29

and edited the genes of gray

11:31

wolves to create embryos. Three healthy

11:34

pups were born. The company plans

11:36

to bring other species back from

11:38

extinction, including the dodo and the

11:41

woolly mammoth. And a second unvaccinated

11:43

child has died of measles in

11:45

West Texas. Health Secretary Robert F.

11:48

Kennedy Jr. attended the funeral yesterday

11:50

for the eight-year-old girl and voiced

11:52

support for the measles vaccine. Janet

11:55

Chamlion reports from Lubbock, Texas. The

11:57

child has now spread to a

11:59

daycare here in Lubbock. The child

12:02

who health officials believe was the

12:04

first to become ill was not

12:06

vaccinated. Seven children are now infected.

12:09

One is in the hospital. We're

12:11

inviting everybody in to come get

12:14

that vaccine. We sat down with

12:16

Lubbitt's health director, Catherine Wells, to

12:18

talk about concerns now that measles

12:21

is spreading beyond where the outbreak

12:23

started. And this has got to

12:25

frighten every parent across the country

12:28

with a child in daycare. Yeah.

12:30

And we're pushing out. They actually

12:32

moved Lubbitt County into the outbreak

12:35

zone as of this morning. My

12:37

next concern is the next daycare.

12:39

Well says she was encouraged to

12:42

hear the secretary of HHS. RFK,

12:44

publicly endorsed the vaccine. Today, five

12:46

Texas counties were added to the

12:49

measles outbreak zone, including here in

12:51

Lubbock. Janet Chamlin in Lubbock, Texas.

12:53

Still ahead here on the CBS

12:56

evening news, Rob Marciano on floods

12:58

and a spring cult snap. Also

13:01

tonight, Ion America, how rural schools

13:03

are working together to expand opportunities

13:05

for their students. The path I'm

13:08

going, I'll graduate with an associate's

13:10

degree from high school. Yes. I'm

13:12

Scott McFarland in escalating showdown over

13:15

the mistaken deportation of a man

13:17

from Maryland to El Salvador and

13:19

the outcome could impact people and

13:22

communities nationwide. That's next on the

13:24

CBS evening news. We've been following

13:26

closely the story of a Salvadoran

13:28

migrant, mistakenly deported last month back

13:30

to El Salvador. Family tells us...

13:32

He has no gang ties. And

13:34

a federal judge ordered the Trump

13:36

administration to bring him back to

13:39

the United States by midnight. But

13:41

now Chief Justice John Roberts has

13:43

put that order on hold to

13:45

give the Supreme Court time to

13:47

consider the case. Justice correspondent Scott

13:49

McFarland has the latest. A month

13:51

after Kilmar Abrego Garcia was plucked

13:53

from a Maryland street. stuffed, flown

13:55

and paraded into a notorious prison

13:57

in El Salvador, his wife and

14:00

his family's fight to bring him

14:02

back home has reached the highest

14:04

levels. I want to say thank

14:06

you to everyone that has helped

14:08

us. The Trump administration acknowledges Abrego

14:10

Garcia was deported by mistake, but

14:12

Attorney General Pam Bondi argued they're

14:14

powerless to get him back from

14:16

another country. We should be concerned

14:18

about the victims of these crimes

14:21

here in our states, more than

14:23

these defendants. Before the Supreme Court

14:25

stepped in, a federal judge had

14:27

ordered a Brigo Garcia returned by

14:29

midnight tonight, calling the deportation without

14:31

due process lawless and a grievous

14:33

error. This feels like it's suddenly

14:35

bigger than just this one man's

14:37

deportation. It is. This case, I

14:39

think, has taken on a much

14:41

larger significance. Tom Dupree was a

14:44

department of justice official in the

14:46

George W. Bush administration. The fight

14:48

between the executive's attempt to act

14:50

with muscular powerful aggressive authority and

14:52

whether or not the judges are

14:54

going to try to constrain the

14:56

president, rein him in, insist on

14:58

the enforcement of law. An investigation

15:00

by 60 minutes correspondent Cecilia Vega

15:02

has revealed questions about others deported

15:05

on those flights March 15th and

15:07

found that of the 238 Venezuelan

15:09

migrants into El Salvador there were

15:11

no criminal records available for 75%

15:13

of them. The group included makeup

15:15

artist Andre Hernandez-Romero, identified here in

15:17

photos by his attorney Lindsay Toslowski.

15:19

Our client who was in the

15:21

middle of seeking asylum just disappeared.

15:23

One day he was there and

15:26

the next day we're supposed to

15:28

have court and he wasn't brought

15:30

to court. You used the word

15:32

disappeared. Yeah, I used that word

15:34

because that's what happened. This case

15:36

is like a high stakes game

15:38

of chicken with the Trump administration

15:40

speeding toward a court order it

15:42

doesn't like. The Supreme Court has

15:44

basically slowed down the cars for

15:46

now, but if they put that

15:49

deadline back on the calendar tomorrow,

15:51

Maurice and John, question is, will

15:53

the Trump administration honor it or

15:55

not? And if not, what happens

15:57

next? All right, Scott McFarland, thank

15:59

you. To the weather now and

16:01

the possibility of another night of

16:03

severe weather and flooding in the

16:05

east. And Rob Marciano tells us

16:07

when all of this will come

16:10

to an end sometime soon, hopefully

16:12

Rob. Yes, sir. Tonight's the last

16:14

night for a while. So we

16:16

got a big change, but it's

16:18

been a long unwanted streak of

16:20

severe weather. Just in the past

16:22

week, we've had over 120 tornado

16:24

reports, over 600 wind and hail

16:26

reports. Those are damaging reports and

16:28

flash flood warnings as well. All

16:31

right. Let's get to the map

16:33

as far as what we expect

16:35

tonight. We've seen. Those are damaging

16:37

reports and flash flood warnings as

16:39

well. All right. Let's get to

16:41

the map as we go. few

16:43

hours could be dicey across the

16:45

Carolinas and what's coming through the

16:47

Great Lakes. That's the leading edge

16:49

of some seriously cold air. It

16:51

snowed in Detroit today. Tomorrow's highs

16:54

in Boston and New York will

16:56

be in the 40s, but with

16:58

windshills it'll feel like the 20s

17:00

and 30s that's like February type

17:02

of stuff. And some of that

17:04

cold air gets to the point

17:06

to the parts of the country

17:08

that I've seen the storm damage

17:10

and the rivers are still rising

17:12

this week. Rob Merciano, saying goodbye

17:15

to that severe weather. Thanks Rob.

17:17

Some rural schools were facing declining

17:19

enrollment and a lack of resources.

17:21

And then they got creative. High

17:23

on America is next. What's up

17:25

hoop fans? I'm asking Nicole Moss

17:27

and I'm bringing you triple threat.

17:29

Your weekly courtside pass to the

17:31

most interesting moments and conversations in

17:33

the NBA. From clutch performances to

17:36

the stories shaping the game on

17:38

and off the court Triple Threat

17:40

has you covered with it all

17:42

culture drama and social media buzz

17:44

We're locked in just like you're

17:46

locked in watch weekly on CBS

17:48

Sports network at 1 p.m. Eastern

17:50

or on the CBS Sports YouTube

17:52

channel as we break it all

17:54

down fast and fresh This is

17:56

Triple Threat where basketball meets culture

18:01

Survivor 48 is here and alongside it

18:03

we're bringing you a brand new season

18:05

of on-fire. The only official Survivor podcast.

18:08

If you're a Survivor super fan, you

18:10

won't want to miss this deep dive

18:12

into every episode where we break down

18:14

how we design the game, the biggest

18:17

moves, your burning questions. It's the only

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podcast that gives you inside access to

18:21

Survivor, that nobody else can. Listen to

18:24

on-fire the official Survivor podcast with

18:26

me, Jeff Probst, every Wednesday after

18:28

the show, wherever you get your

18:30

podcast. The

21:37

Madness ends tonight. And college basketball

21:39

anyway. The Florida Gators face off

21:41

against the Houston Cougars in San

21:44

Antonio for the NCAA Men's Championship.

21:46

In a game you can see

21:48

here on CBS. Coverage begins at

21:50

8 Eastern, 7th Central. In women's

21:53

basketball, the number two ranked Yukon

21:55

Huskies beat the top ranked South

21:57

Carolina Gamecocks yesterday. 82 to 59.

21:59

to 59. That's

22:02

a record for the titles for

22:04

the of of Connecticut. Billy Jean King

22:06

blazed a a trail for women

22:08

on a different court. court.

22:10

In the 1960s and 70s, she she

22:12

was the top women's tennis

22:14

player six times and won 39 grand slams.

22:16

And who And who can forget

22:18

her domination of in the in

22:20

the Battle of Sexes? Today

22:22

King was honored with a

22:24

star in Hollywood Walk of Walk of

22:26

Fame. the the woman to receive

22:28

a star in the a

22:30

entertainment category 81 years old

22:32

and still blazing trails. blazing trails. And

22:34

that's the news. Plus is is

22:36

coming Have a good We'll see

22:38

you tomorrow. tomorrow.