Big Law Is Split on Trump’s Attacks: Push Back or Lay Low?

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 24 March 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Mar. 24. As President Trump ramps up his attacks on the legal industry, law firms are split on how to respond. WSJ national legal-affairs reporter Erin Mulvaney discusses the implications for the industry. Plus, Trump recalibrates his plans for tariffs on goods from particular sectors and says he might soften reciprocal tariffs on some nations, though the back-and-forth is hard on U.S. small businesses. Senior special writer Ruth Simon joins to talk about how small businesses are responding. And shares in Tesla, a longtime stock-market highflier, are down more than 30% this year. Reporter Hannah Erin Lang explains why. Alex Ossola 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. Tell
0:22.2	Congress to guard your card because Americans lose when politicians choose. Learn more at guard
0:29.0	your card.com. Markets welcome President Trump's plan to limit his new tariffs,
0:37.8	but the back and forth is making life harder for small businesses.
0:41.2	Even some companies that manufacture in the U.S. are feeling some softness
0:47.3	because their customers are uncertain and they're not investing as much.
0:52.8	And why some investors have soured on Tesla.
0:56.4	It's Monday, March 24th.
0:58.3	I'm Alex Oslo for the Wall Street Journal.
1:00.6	This is the PM edition of What's News,
1:02.8	the top headlines and business stories that move the world today.
1:10.1	First, the latest on President Trump's tariffs. Trump told reporters in the Oval Office today
1:15.4	that he might soften reciprocal tariffs on some U.S. trading partners, while others might be exempt.
1:21.1	Earlier at a cabinet meeting, Trump said the U.S. will announce tariffs on automobiles soon
1:26.0	and pharmaceuticals at some point without
1:28.6	offering further details. His comments came a few hours after Trump said the U.S. would impose a 25%
1:34.4	tariff on any country that buys oil or gas from Venezuela, sending oil futures higher.
1:40.7	U.S. stocks were up today as investors welcomed Trump's latest pivot on tariffs.
	...

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