2/23: CBS Evening News – CBS News

President Trump announced a 15% tariff on South Korean imports as part of a trade deal that avoids a higher 25% levy, with South Korea committing to invest $350 billion in the US and purchase $100 billion in energy products. South Korean President Lee Jae Myung will visit the White House soon, while Trump’s tariffs aim to boost American manufacturing despite criticism over rising consumer prices. Want More Context? 🔎

Texas Republicans have proposed a redistricting plan aimed at gaining five additional seats in the U.S. House for the 2026 midterm elections, shifting districts in Houston, Dallas, and San Antonio to favor their party. The plan, which may face legal challenges for potentially violating the Voting Rights Act, seeks to solidify Republican control by creating safe districts and altering the demographics of competitive areas. Want More Context? 🔎

US President Donald Trump signed an executive order ending the global de minimis tariff exemption for low-cost goods, effective August 29, expanding previous restrictions that targeted China and Hong Kong. The White House cited concerns over opioid trafficking and duty evasion as reasons for the move, which aligns with Congress's plans to eliminate the exemption by 2027. Want More Context? 🔎

Brown University has reached an agreement with the Trump administration to restore federal research grants, committing $50 million to workforce development and adhering to new policies on women's sports and antisemitism. This deal, which follows similar agreements by Columbia University and the University of Pennsylvania, allows Brown to continue its academic mission while addressing federal concerns over discrimination and admissions practices. Want More Context? 🔎

At least three people, including two children, were killed in a dramatic explosion at Horizon Biofuels in Fremont, Nebraska, on Tuesday, which was captured on security cameras. The fire, still active as of Wednesday morning, has prompted a response from multiple emergency services, while the area remains cordoned off, and officials continue to assess the situation. Want More Context? 🔎

The U.S. Treasury is attempting to recover COVID-19 relief funds from around 235 local governments that failed to report their usage of $139 million in aid, part of the 2021 American Rescue Plan. Despite notices sent to over 3,500 noncompliant governments, concerns persist about transparency in fund allocation and reporting. Want More Context? 🔎