Companies Turn to Foreign-Trade Zones to Shelter From U.S. Tariffs

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• 00:02

  U.S. inflation ticked up in April, showing an early hint of the impact of tariffs.

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  A good way to think about it is this report is a bit like observing sunny weather ahead of a widely anticipated storm where the rainfall remains highly uncertain.

• 00:19

  Plus, companies are rushing to access foreign trade zones as refuge from tariff volatility.

• 00:25

  And UnitedHealth places a new bet on its old CEO who made it a giant after its current chief executive steps down.

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  It's Tuesday, May 13th.

• 00:34

  I'm Alex Osola for The Wall Street Journal.

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  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

• 00:46

  Monthly inflation in the U.S. picked up slightly in April.

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  The Labor Department said today that the Consumer Price Index rose a seasonally adjusted 0.2 percent last month,

• 00:56

  matching economists' forecasts.

• 00:58

  Year-over-year inflation cooled to a 2.3 percent increase in April,

• 01:02

  below what economists had expected and below March's annual rate.

• 01:06

  For more, I'm joined by WSJ economics reporter Chow Dang.

• 01:10

  Chow, April was a particularly back and forth month for Trump's tariff policies.

• 01:15

  How much do these new inflation numbers reflect that?

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  Overall,

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  economists couldn't take a lot of comfort in this report

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  because all this volatility still needs time to be reflected in the data.

• 01:29

  So in that sense, this report.

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