U.S. President Donald Trump further escalated a trade war on Wednesday by announcing he would impose reciprocal tariffs to match duties put on U.S. goods by other countries. "It's our declaration of independence,

A closely followed strategist lays out possible market reactions to tariff scenarios ranging from the “good” to the “bad” to the “ugly.”

American consumers and investors are bracing for an economic hit as President Trump's "Liberation Day" tariffs near. White House reporter Aaron Navarro has more from CBS News' latest poll, and contributor J.