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WSJ What’s News

Why Markets Seem Unfazed by Tariff News

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 11 July 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for July 11. The flurry of tariff announcements continue as President Trump threatens to slap 35% tariffs on imports from Canada, however WSJ finance editor Alex Frangos says markets are taking it in its stride. Plus, an initial investigation into last month’s fatal Air India crash focuses on pilot actions. And the appointment of a new CEO for Ben & Jerry’s escalates the dispute between the icecream maker and Unilever. Kate Bullivant 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

There are days when you're hungry for McDonald's.

0:03.0

Then there are days when you're Big Arch hungry for McDonald's.

0:08.0

You'll get to know the difference.

0:10.0

New Big Arch for Big McDonald's hunger.

0:13.0

Until 9th of September, from 11 a.m.,

0:18.0

participating restaurants only, subject to availability.

0:30.8

President Trump threatens a 35% tariff on some Canadian goods, but markets seem unfazed.

0:36.3

Plus, a probe into last month's Air India crash is focusing on the pilot.

0:42.9

Two fuel control switches, which controls fuel to the engines, were switched off at the time of the crash, which is highly unusual.

0:46.8

And the rift between Unilever and Ben and Jerry's board ramps up.

0:51.2

It's Friday, July 11th, I'm Kate Bullivivan for the Wall Street Journal, filling in for Luke Vargas.

0:57.2

And here is the AM edition of What's News, the top headlines and business stories moving your world today.

1:09.2

President Trump has threatened to slap 35% tariffs on imports from Canada starting August 1st.

1:17.6

A White House official said an exemption would apply to goods that comply with the USMCA trade deal,

1:23.6

but stressed that could change. In a letter to Prime Minister Mark Carney, Trump said

1:29.6

the tariffs could climb higher if Ottawa retaliates, but that they could lower if Canada

1:34.9

stops fentanyl from crossing the border. Canadian officials have repeatedly said very little fentanyl

1:41.3

enters the US from Canada, with the country previously announcing plans

1:45.7

to boost border security spending by almost $1 billion to placate Trump. The countries have

1:52.2

been involved in talks to lower tariffs ahead of a self-imposed July 21st deadline, which

1:58.2

Carney said on X he remains committed to with the new August 1st timeline.

2:03.8

The Canadian dollar initially weakened sharply against the US dollar on the news before clawing

...

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