Trump’s Tariffs on Canada, Mexico and China to Go Into Effect Saturday

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 31 January 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Jan. 31. The White House said that tariffs against Canada, Mexico and China will go into effect on Saturday. WSJ trade and economic policy reporter Gavin Bade tells us what the impact could be. Plus, weak loan growth is a worry, particularly for regional banks. We hear from WSJ Heard on the Street writer Telis Demos about what that could mean for their business. And we’ve got the latest on the deadly aircraft collision in Washington, D.C. 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

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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, where
0:21.7	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.
0:32.8	President Trump's tariffs on Canada, Mexico, and China are scheduled to go into effect tomorrow.
0:37.9	Plus, how a lending rut may spell trouble for some regional banks.
0:41.3	That is particularly a challenge for retail banks because that is really a bread and butter business for them.
0:46.9	It's a much smaller part of the business for the J.P. Morgan's and Bank of America's and Goldman's taxes of the world.
0:52.8	And META considers leaving Delaware to incorporate in Texas or another state.
0:57.7	It's Friday, January 31st.
0:59.9	I'm Alex Oslo for the Wall Street Journal.
1:02.1	This is the PM edition of What's News,
1:04.2	the top headlines and business stories that move the world today.
1:20.5	Thank you. today. We're mere hours away from President Trump's self-imposed deadline to impose tariffs on some of the U.S.'s top trading partners. White House Press Secretary Caroline Levitt announced
1:25.6	today the coming tariffs would be going into effect tomorrow without a grace period.
1:30.0	The president will be implementing tomorrow 25% tariffs on Mexico, 25% tariffs on Canada, and a 10% tariff on China for the illegal fentanyl that they have sourced and allowed to distribute into our country,
1:45.8	which has killed tens of millions of Americans.
1:48.9	I'm joined now by Gavin Bade, who covers trade and economic policy for the journal.
1:53.3	Gavin, assuming we get these universal tariffs, what will be the immediate effect?
	...

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