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WSJ What’s News

Trump Weighs 25% Tariffs on Cars, Chips, Pharmaceuticals

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 19 February 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for Feb. 19. The president says levies could go even higher over time but suggests countries could negotiate for lower tariffs. Plus, Brazil’s former President Jair Bolsonaro is charged with plotting a failed coup. And with the Trump administration turning up the pressure on Beijing, WSJ correspondent Brian Spegele details China’s race to become more self-sufficient. 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

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.

0:32.2

President Trump floats 25% tariffs on chips, pharmaceuticals, and cars, setting up high-stakes talks with the

0:39.8

EU's Trade Commissioner this week. Plus, Brazil charges former President Jair Bolsonaro with plotting

0:46.5

a coup, and China races to insulate its economy.

0:50.7

As much as anything, this is about national security. This is about an insurance policy,

0:55.1

if you will, and if relations with the West or just the world becomes more turbulent, China has

0:59.8

what it needs at home to sustain itself. It's Wednesday, February 19th. I'm Luke Vargas for the

1:05.1

Wall Street Journal, and here is the AM edition of What's News, the top headlines and business

1:10.7

stories moving your world today.

1:16.1

President Trump says he's considering imposing tariffs on automobiles, semiconductors, and pharmaceutical

1:22.5

products telling reporters in Mar-a-Lago yesterday that he's just getting started.

1:33.3

It'll be 25% and higher, and it'll go very substantially higher over a course of a year. The administration has said those tariffs would likely come in after it completes a review of its trade policy on April 1st,

1:40.3

and Trump said companies may be given time to move production to the U.S., thereby avoiding the

1:45.9

measures. He also suggested countries could negotiate for lower tariffs, comments that raise the

1:52.4

stakes for the EU's Trade Commissioner, who's visiting Washington this week, and who journal

1:57.0

European Autos reporter Stephen Wilmot says faces the difficult task of sticking up for

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