The Trump Administration Is Quietly Watering Down Some Tariffs

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• 00:03

  President Trump says he'd rather end the war between Ukraine and Russia than send Ukraine powerful new weapons.

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  Plus, Trump made tariffs his signature trade policy.

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  Now he's pivoting away from some of them.

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  They're putting the offer out there to other nations to say,

• 00:18

  if you do a deal with us, we can carve out more of these tariffs as well.

• 00:22

  and how Walmart's decision to pay workers more shocked Wall Street,

• 00:27

  but then put the company on a path to success.

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  It's Friday, October 17th.

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  I'm Alex O'Sullivan 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

  At a White House meeting with Ukrainian President Volodymyr Zelensky today,

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  President Trump said he hoped Ukraine wouldn't need the U.S. to provide it with long-range Tomahawk cruise missiles.

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  So we're going to be talking about Tomahawks and would much rather have them not need Tomahawks,

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  would much rather have the war be over, to be honest.

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  Trump had been talking in recent weeks about sending the powerful weapons to Ukraine.

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  The meeting between the two came after Trump and Russian President Vladimir Putin spoke at length on the telephone yesterday.

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  Trump says he plans to meet Putin separately in Hungary in the coming weeks to try to broker a peace deal.

• 01:29

  Since taking office in January, President Trump has made tariffs his signature trade policy.

• 01:35

  Now, though, he's tiptoeing away from some of them,

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