Bitcoin extended its recent retreat Thursday, with the price of the leading cryptocurrency falling in the wake of President Donald Trump's latest tariff announcement.Bitcoin slipped below $82,000 before edging just above that level after the late-Wednesday news of new tariffs that shook global markets and eroded investors' interest in risk assets.

U.S. crypto stocks declined on Thursday after President Donald Trump's latest round of sweeping tariffs rattled investor confidence due to rising global trade tensions, sparking a sell-off in riskier assets.

The dollar weakened against the euro and turned higher against the yen on Wednesday as U.S. President Donald Trump began a long awaited announcement of sweeping new tariffs that look certain to escalate a trade war with global partners,

President Donald Trump dramatically escalated his global trade war by announcing his most sweeping set of tariffs yet on goods from every country that trades with the United States.

President Donald Trump announced Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.

Investors braced themselves for Donald Trump to unveil sweeping tariffs on US trading partners on Wednesday in a move that threatens to ignite a full-blown trade war. Trading on W

Trump announced sweeping tariffs Thursday, which caused markets to plummet, but the president believes they'll help the country going forward.

Countries with the biggest trade deficits with the U.S. are expected to get hit hardest by the tariffs that President Trump will announce on what he has been calling "Liberation Day." CBS News' Weijia Jiang reports,