President Trump Agrees to Delay U.S. Tariffs on Mexico and Canada

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 3 February 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

P.M. Edition for Feb. 3. President Trump has stunned corporate leaders and foreign officials by agreeing to last-minute, monthlong delays of his tariffs on Mexico and Canada. Plus, after a push from Elon Musk and the Department of Government Efficiency, the Trump administration closed the headquarters of USAID. WSJ national security reporter Alexander Ward discusses how this might provide a template for the way DOGE could approach other government agencies as it tries to cut spending. And a new study reveals the impact of the tidal wave of cheap Chinese goods on U.S. manufacturing towns. Journal economics reporter Justin Lahart breaks down the findings. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is sponsored by Northern Trust Wealth Management.
0:03.0	There is more to being a successful entrepreneur than just good business practices.
0:07.0	What is it about an entrepreneur's childhood that helped fuel their entrepreneurial spirit?
0:12.0	What are entrepreneurs doing to cultivate the spirit in their own children and build a legacy beyond their business?
0:17.0	Tune in each month to the Road to Why podcast by the Northern Trust Institute,
0:21.6	where host Eric Chappaya dives deeper with leading entrepreneurs on these topics and more.
0:26.3	Find the Road to Why where you listen to your favorite podcasts.
0:32.1	President Trump agrees to delay tariffs on Mexico and Canada by a month.
0:36.8	Plus, the Trump administration closes USAID headquarters,
0:39.9	following a push by Elon Musk and Doge to eliminate the foreign aid agency.
0:43.7	If they are successful, they being Doge, with USAID, then it is wholly possible that we will see
0:49.7	similar types of strategies, tactics, plays done on other agencies that they don't like.
0:55.5	And how the U.S. manufacturing towns hit by the arrival of Chinese imports a quarter century ago
1:00.5	bounced back, but the workers didn't.
1:03.3	It's Monday, February 3rd.
1:05.1	I'm Alex Osala for the Wall Street Journal.
1:07.3	This is the PM edition of What's News, the top headlines and business stories that
1:11.6	move the world today.
1:15.5	President Trump has stunned corporate leaders and foreign officials by agreeing to last-minute
1:20.1	month-long delays of his tariffs on Mexico and Canada. His levies on China are set to go into
1:25.4	effect early Tuesday. Trump and Mexican President Claudia Scheinbaum said today that they agreed to put tariffs on Mexico on hold for one month.
1:33.3	In a phone call, both leaders agreed to take joint measures to fight fentanyl trafficking across the U.S. border.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.