Trump Weighs 25% Tariffs on Cars, Chips, Pharmaceuticals

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  With record levels of dry powder available for investment.

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  Find out what's in store for private markets in 2025 and beyond.

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  Listen to Crafting Capital in partnership with ubs@partners.WSJ.com UBS, Spotify and Apple Podcasts.

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  President Trump floats 25% tariffs on chips, pharmaceuticals and cars,

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  setting up high stakes talks with the EU's trade commissioner this week.

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  Plus, Brazil charges former President Jair Bolsonaro plotting a coup,

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  and China races to insulate its economy.

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  As much as anything, this is about national security.

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  This is about an insurance policy, if you will,

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  that if relations with the west or just the world becomes more turbulent,

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  China has what it needs at home to sustain itself.

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  It's Wednesday, February 19th.

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

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  the top headlines and business stories moving your world Today,

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

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  semiconductors and pharmaceutical products, telling reporters in Mar?

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  A Lago yesterday that he's just getting started.

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  It'll be 25% and higher and it'll go very substantially higher over a course of a year.

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  The administration has said those tariffs would likely come in

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  after it completes a review of its trade policy on April 1,

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