Trump Floats Lower China Tariff Ahead of Trade Talks

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 9 May 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

P.M. Edition for May 9. In a social-media post, President Trump said lowering tariffs on Chinese goods to 80% “seems right.” Meanwhile, Beijing moved to enforce restrictions on exports of rare-earth metals before this weekend’s talks in Switzerland. But when it comes to the future of electric motors, that might not matter; WSJ tech columnist Christopher Mims tells us about one startup that’s using iron and steel instead. Plus, Newark Liberty International Airport suffers its second tech outage in two weeks. Victoria Craig 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	Get ready for a game changer.
0:02.2	Adobe Express is the quick and easy app that makes creating content for your business easier than ever.
0:07.5	From engaging presentations to eye-catching animations and social posts,
0:11.5	your teams can produce work that's on brand and on time every time.
0:15.8	Transform your ideas into stand-out content with time-saving generative AI features
0:20.5	that are designed to be safe
0:21.8	for commercial use. No headaches, just results. Curious to learn more, head to Adobe.com
0:27.7	forward slash express.
0:33.5	President Trump floats a reduced 80% tariff on China, while Beijing beefs up its controls on rare earth's exports.
0:41.3	Plus, customs brokers have suddenly found themselves at the crossroads of a high-tariff world.
0:47.3	They've kind of become almost like therapists for a lot of companies playing art,
0:51.3	crypto ball, readers, consultants, accountants, lawyers, wearing
0:55.6	numerous hats these days.
0:57.3	And a Vermont judge orders the release of a graduate student detained as the Trump administration
1:02.3	singled out students with links to pro-Palestinian activism.
1:06.6	It's Friday, May 9th.
1:08.2	I'm Victoria Craig for the Wall Street Journal, filling in for Alex Osala.
1:11.8	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:24.7	A day before U.S.-China trade talks begin in Switzerland, President Trump this morning
1:29.4	floated the idea of easing tariff rates on China. In a truth social post, he said an 80%
1:35.6	tariff on China seems right, but added that decision is up to his Treasury Secretary, Scott Bessent.
1:41.7	If the U.S. does land on such a number, it would be a climb down from the
	...

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.