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WSJ What’s News

Why Trump’s Tariffs Will Push Up U.S. Steel Prices

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 12 March 2025

⏱️ 14 minutes

🧾️ Download transcript

Summary

A.M. Edition for Mar. 12. As American tariffs on imported steel and aluminum take effect, BCG’s Nicole Voigt explains why domestic manufacturers are likely to respond with price hikes on everything from cars to pumps to screws. Plus, the House passes a GOP measure to avert a looming government shutdown. And voters in Greenland elect a party opposed to a U.S. takeover. 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

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com.

0:33.2

The EU hits back as U.S. steel and aluminum tariffs kick in. We'll look at how President

0:40.1

Trump's latest trade moves will impact the global metals market. Plus, Ireland's tariff fears

0:46.2

threatened to overshadow St. Patrick's Day festivities at the White House and voters in Greenland

0:51.9

slow walk independence as Washington sizes up the territory's minerals.

0:56.8

So if President Trump was hoping for an opening for further American interests,

1:02.2

that has sort of been fairly closed off with this election.

1:05.9

It's Wednesday, March 12th.

1:07.7

I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of

1:11.5

What's News, the top headlines and business stories moving your world today.

1:19.1

25% U.S. tariffs on all steel and aluminum imports went into effect at midnight. The measures

1:25.9

bear similarity to 25% steel and 10% aluminum tariffs that

1:30.8

President Trump embraced in his first term and aims to address what Trump and his team say is an

1:35.7

unfair global steel trade, in which foreign government subsidies and other trade barriers

1:40.9

allow countries to sell steel to American customers cheaper than U.S. made

1:45.8

metals.

...

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