2025-07-26
13 分钟American corporations are footing the bill for Trump's tariffs as hopes rise for a trade deal between the U.S. and Europe.
Plus, banks are getting pickier about who they want to hold their credit cards.
It shows that banks are cautious.
The economy continues to be really, really strong, but there are some concerns.
So they are hedging a bit by focusing on customers that they see as safer.
and how the Trump administration is looking to strike deals with universities
like it did with Colombia.
It's Friday, July 25th.
I'm Alex Osula for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
The U.S. has collected an additional $55 billion in tariffs this year.
So far, corporate America has largely shouldered the bill.
Now, who's making that first payment isn't much of a mystery.
Tariffs are typically paid by importers when goods reach U.S. ports, so it's usually a manufacturer,
a logistics or customs broker, or a retailer that ordered the shipment.
But economists and others have been watching for signs of who will ultimately bear the cost.
For more, I'm joined by Wall Street Journal economics reporter Jean Whalen.
Jean, what is the strategy for businesses to be shouldering this cost right now?
Well, businesses, so far,