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WSJ What’s News

Hundreds of Companies Sue Over Trump Tariffs

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 24 February 2026

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for Feb. 24. The Trump administration is considering new national security tariffs on a half-dozen industries, after the Supreme Court last week invalidated many of the president’s second-term levies. That ruling has prompted companies like FedEx, Revlon and Costco to file suit. Plus, President Trump is expected to tout the U.S. economy in his State of the Union later. But as WSJ’s Alex Frangos explains, the economic report card is a bit more mixed. And, Ukraine marks a grim milestone as the war with Russia enters its fifth year. Daniel Bach hosts. A look at Apple’s push to build an all-American chip. 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

President Trump prepares to address the nation with plans to sell Americans on his handling of the economy.

0:09.0

Plus, FedEx joins a growing list of companies asking for tariff refunds.

0:14.0

And it's now four years since Russia invaded Ukraine with few signs of an end to the war.

0:19.0

Ukraine is still very, very vulnerable to a potential backlash from Trump if he chose to do that as a response to the fact that the negotiations are not moving forward.

0:28.5

It's Tuesday, February 24th. I'm Daniel Bach for the Wall Street Journal, filling in for Luke Vargas.

0:34.2

And here's the AM edition of What's News, the top headlines, and business stories moving your world today.

0:44.0

We're exclusively reporting that the Trump administration is considering placing tariffs on six industries under national security grounds.

0:52.1

The president is looking for new ways to impose duties in his bid to

0:55.7

reshape global trade, after the Supreme Court ruled most were illegal, including those issued

1:01.9

under the International Emergency Economic Powers Act. Business and economics editor Alex Fragos is

1:08.3

following these developments. Alex, new potential tariffs on large-scale batteries, industrial chemicals, and power grid and telecom equipment.

1:16.6

What is the president looking to do here?

1:18.6

Yeah, well, he's basically figuring out how can he reestablish a blanket of tariffs on lots of countries around the world after the Supreme Court ruling

1:27.6

said he can't do it the way he was doing it. So there's all these other laws with numbers that

1:32.4

readers and listeners are going to start to get familiar with, 301 and 232, which are different

1:37.1

parts of the federal statutes that give the president the power to impose tariffs. And so he's

1:43.8

added a whole bunch of new industries to these two, three, two, national security

1:48.4

tariffs.

1:49.4

And the way that tariff works is that the government has to do an investigation over a number

1:53.7

of months to establish that there's a national security threat before they can impose

1:58.5

actual tariffs on them.

1:59.9

So he's trying to figure out a way to

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