Why Has the Tariff Effect Been So Mild?

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 6 August 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Aug. 6. President Trump’s tariffs have so far only caused minor disruptions. WSJ economics reporter Jeanne Whalen joins to discuss why we haven’t seen an economic earthquake. Plus, President Trump plans to meet with Russian President Vladimir Putin to discuss ending the war in Ukraine. And American carmakers are focusing less on electric vehicles and more on gas-guzzling vehicles like pickups and SUVs. We hear from Sharon Terlep, who covers the auto industry for the Journal, about what’s changed. 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	Race the rudder, raise the sails, raise the sales!
0:05.0	Captain, an unidentified ship approaching. Over.
0:07.0	Roger that. Wait, is that an enterprise sales solution?
0:13.0	Reach sales professionals, not professional sailors.
0:17.0	With LinkedIn ads, you can target the right people by industry, job title, and more.
0:21.4	To get £100 off your first campaign, go to LinkedIn.com slash lead to claim your credit.
0:26.6	That's LinkedIn.com slash lead. Terms and conditions apply.
0:33.6	President Trump plans to meet with President Putin to discuss ending the war in Ukraine.
0:38.6	Plus, why have the U.S. tariffs effects been so mild so far?
0:42.8	And for Detroit, gas guzzlers reign supreme once again.
0:46.4	They're talking about a world in which they can shift some of these huge investments that they've made in EBs
0:52.8	and putting some of that money into gas-powered vehicles, V8s or SUVs or pickup trucks.
0:59.3	It's Wednesday, August 6th. I'm Alex O'Sullough for the Wall Street Journal.
1:03.5	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:16.2	Thank you. and business stories that move the world today. We begin this evening with the latest tariff news.
1:19.6	President Trump has signed an executive order imposing an additional 25% tariff on imports from India.
1:25.8	That's in response to the country's continued purchases of
1:28.6	Russian oil, a practice that India has repeatedly defended. India condemned the new tariffs,
1:34.4	calling them, quote, unfair, unjustified, and unreasonable. The latest levy, which would go into
1:39.8	effect in 21 days, comes on top of the 25% tariff on Indian imports Trump announced last week.
1:46.7	India now faces combined U.S. tariffs of 50%.
1:49.8	That'll bring it to the same level as the punitive tariffs imposed on Brazil, which take effect today.
	...

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