Mark Zuckerberg looks to the White House for help as he fights an EU law that could undermine

meta's ad business. Plus, a day before the unveiling of sweeping U.S. tariffs, we hear a case

for the president's trade agenda. Well, in some respects, you need a permanent policy. You need a

change in just the baseline

American economic strategy, which for decades now has been free trade. And so step one is that

baseline shift that says, no, the default is now actually, we are going to use tariffs if trade

is imbalanced. And Trump pledges a crackdown on price gouging in the ticket market.

It's Tuesday, April 1st.

I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News.

The top headlines and business stories moving your world today.

President Trump says he has settled on a plan for his latest batch of tariffs due to be announced tomorrow,

but for now is keeping those plans close to the vest.

Among the options he's been weighing is whether to apply a universal tariff of up to 20% on all imports,

or take a so-called reciprocal tariff approach that would levy individual

tariff rates on specific countries subject to negotiation. As we await details, we spoke to someone

with a strong sense about why Trump and his allies are leaning so hard on a tariff strategy.

Oren Cass is the founder of the conservative populist think tank American Compass,

which since its establishment in 2020, has become the most influential group on Capitol Hill

among the pro-Trump policy movement that calls itself the new right. He's also a longtime friend

of Vice President J.D. Vance, and I began by asking him to summarize the various

use cases for tariffs. Sure. Well, I think the most important thing to recognize is that

tariffs can both be an economic policy. Let's say, you know, we want to encourage domestic

...