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WSJ What’s News

The ‘New Silk Road’ of Cheap Chinese Goods

WSJ What’s News

The Wall Street Journal

Daily News, News

44K Ratings

🗓️ 18 December 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for Dec. 18. WSJ reporter Chelsey Dulaney says the redirection of China’s export machine caused by a U.S. crackdown on low-value imports is one of the most dramatic examples of how President Trump’s trade war has rewired global trade. Plus, Trump uses a prime-time address to announce tariff-funded dividends for troops. And Warner Bros. Discovery demands a stronger personal guarantee from Larry Ellison in Paramount Skydance’s $77.9 billion takeover bid. Luke Vargas 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

As companies seek to close growing gaps in skills and talent,

0:04.0

Deloitte US CEO Jason Garzatus believes it's important for organizations to understand their baseline of skills.

0:10.0

There's so many organizations that can't ask and answer the fundamental questions about how much computer science or data management skills do I have or AI development skills in a given domain?

0:25.0

By performing a skills inventory, leaders can truly understand where their efforts should be focused. Being blind to those gaps is the real miss.

0:28.3

Visit deloitte.com to learn how your enterprise can help successfully cultivate talent.

0:36.0

President Trump announces a dividend for American troops, saying his tariffs will pay for it.

0:41.9

Plus, the IRS tries out a new tool in its fight to track down profits shifted to low-tax countries.

0:48.9

And we'll drop in on some surprising stops along China's new Silk Road.

0:54.4

We spoke to one person who built a shed in their backyard in London.

0:58.1

They store these packages from the Chinese exporters, and then they package them up themselves

1:03.6

when the order comes in, and then they ship them off.

1:05.9

It's Thursday, December 18th.

1:07.6

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

1:11.4

What's News, the top headlines and business stories, moving your world today.

1:19.3

President Trump defended his handling of the economy in a primetime address last night,

1:24.2

claiming to have brought down prices, announcing a warrior dividend of $1776 for active-duty

1:31.5

service members to be funded by tariff revenue and predicting a drop in housing costs.

1:36.5

The way do you see, the numbers are going to be shocking, and I'll soon announce our next

1:41.3

chairman of the Federal Reserve, someone who believes in lower interest rates

1:46.0

by a lot and mortgage payments will be coming down even further. The president also promised

1:52.0

that Americans would have the largest tax refund season of all time next year. He has teased

1:57.8

the prospect of sending $2,000 checks funded in part by tariffs to low and middle

...

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