CBS Evening News S2025E40: Episode 40

Overview

President Trump announced a plan for reciprocal tariffs on U.S. trading partners, marking another step in his challenge to the economic consensus that tariffs increase consumer prices. The announcement comes one day after new inflation data showed persistent price increases across the economy. Weijia Jiang has details. Leaders from America's European allies meeting in Munich are trying to catch up to developments coming out of Washington ever since President Trump announced he is in talks with Russian President Vladimir Putin on ending the war in Ukraine. Samantha Vinograd joins to discuss. An atmospheric river is bearing down on California, bringing with it heavy rains, evacuation orders and flash flood warnings. It's building up to another severe weather setback for an area still reeling from devastating wildfires. Carter Evans has the latest. The U.S. is heading toward a demographic cliff. Over the next decade, there will be fewer 18-year-olds available to fill the nation's universities. An analysis of census data projects by 2039, the pool will drop by 15% every year thereafter. Jeff Strohl, director of Georgetown University's Center on Education and the Workforce, explains what it means for America's future.