EU Gets Tariff Deadline Extension

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 27 May 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for May 27. President Trump gives the European Union a reprieve on his threat to impose 50% tariffs on June 1 if a trade deal isn’t reached. The WSJ’s Kim Mackrael in Brussels talks us through the negotiations. Plus, Trump weighs sanctions against Russia as Moscow pummels Ukraine with drones and missiles. And Canada’s new leader Mark Carney takes up the task of fixing the country’s relationship with Trump. Former Canadian diplomat Colin Robertson previews King Charles’s historic speech at the opening of parliament. Azhar Sukri hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Americans love using their credit cards, the most secure and hassle-free way to pay.
0:04.0	But DC politicians want to change that with the Durban Marshall Credit Card Bill.
0:08.0	This bill lets corporate megastores pick how your credit card is processed,
0:13.0	allowing them to use untested payment networks that jeopardize your data security and rewards.
0:18.0	Corporate megastores will make more money and you pay the price. Tell
0:22.2	Congress to guard your card because Americans lose when politicians choose. Learn more at guard
0:28.9	your card.com. President Trump's patience wears thin as Russia pummles Ukraine with drones and missiles.
0:40.0	Plus, the EU gets a deadline extension for its trade talks with Washington,
0:45.1	and Canada's new leader takes up the task of fixing the country's relationship with Trump.
0:50.3	Our previous Prime Minister, who I think Trump initially liked because he had the name and he's
0:55.1	an attractive personality because he was seen to diss Trump behind his back.
0:59.6	That brought on his ire and the relationship never improved.
1:02.7	So Carney's very conscious of that.
1:04.6	It's Tuesday, May the 27th.
1:06.5	I'm Azhar Sukri for the Wall Street Journal filling in for Luke Vargas.
1:10.6	Here is the AM edition of What's News, the top headlines and business stories moving your world today.
1:19.3	President Trump is weighing sanctions against Moscow this week as he grows frustrated by Russian
1:25.7	President Vladimir Putin's intensifying attacks on Ukraine,
1:29.4	which killed at least 12 people this weekend.
1:32.7	That's according to people familiar with Trump's thinking,
1:35.8	who added that the president is also growing tired with the slow pace of peace negotiations
1:41.0	and is considering abandoning them altogether if a final push doesn't work.
	...

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