Time now for our daily Tech and Business Report. Today, KCBS Radio news anchor Holly Quan spoke with Bloomberg's Carrington York.

President Trump's threat of massive tariffs sent some buyers scrambling to stock up on goods before prices spiked.

While those tariffs have been paused for 90 days on most countries, they are still scheduled to go into effect for China, with President Trump clarifying today the 125 percent tariff he's imposing is on top of an earlier 20% hike.