U.S. Businesses Stockpile, Weigh Price Hikes Ahead of China Tariffs

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 20 November 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A.M. Edition for Nov. 20. WSJ China economics reporter Hannah Miao explains the preemptive steps companies reliant on Chinese imports are taking as they brace for a possible trade war between Washington and Beijing. Plus, Donald Trump picks Linda McMahon to lead the Education Department. And Comcast greenlights a spinoff of NBCUniversal’s cable channels, once considered among its most attractive assets. 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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0:33.7	Donald Trump unveils more picks to staff his future administration while American businesses try to get ahead of his promised China tariffs.
0:42.8	Some of them are planning or have already ordered more of their imports from China in advance.
0:49.4	Business owners are planning to raise prices.
0:51.8	And one of the trends that we've been seeing is this continued diversification of the supply chain.
0:57.5	And Comcast Greenlights the spinoff of its cable networks, once considered among its most attractive assets.
1:04.4	It's Wednesday, November 20th. I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News,
1:11.6	the top headlines and business stories moving your world today.
1:17.4	Donald Trump says he will nominate Linda McMahon, the co-founder of World Wrestling Entertainment,
1:23.1	to be his education secretary, putting her at the helm of a department that the president-elect
1:28.0	has vowed to dismantle. McMahon is a former head of the Small Business Administration in Trump's
1:33.7	first term, and has said she supports choice through charter schools, tougher accountability,
1:39.2	and local oversight in education. Whether Trump and McMahon could actually shut down the education department,
1:45.3	something that would require an act of Congress, and likely a supermajority in the Senate,
1:50.2	remains to be seen. Some conservatives say Trump shouldn't waste political capital doing so,
1:56.2	and instead say he should use the agency to fight left-wing ideology in schools and universities.
2:02.9	And Trump has named celebrity doctor Mehmet Oz to lead the Centers for Medicare and Medicaid
2:08.2	services, the agency that helps to shape health coverage for more than 130 million people
	...

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