China Bets Trump Will Cave on Tariffs

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 24 April 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for April 24. Chinese officials call for full repeal of levies and dismiss suggestions that trade talks with Washington have begun. WSJ Asia economic reporter Jason Douglas says President Trump’s apparent softening on tariffs against China strengthens Chinese leaders’ resolve that he will eventually cave if they wait him out. Plus, U.S. home sales fell 5.9% in March, their biggest drop since 2022. WSJ reporter Nicole Friedman joins to discuss what’s behind the fall that comes at the start of the crucial spring season. And Florida Gov. Ron DeSantis hopes to address a labor shortage with teenage workers. WSJ reporter Tali Arbel discusses how Florida might remove the barriers for teenage workers. 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.
0:22.1	Tell Congress to guard your card because Americans lose when politicians choose. Learn more at
0:28.1	guard your card.com.
0:33.4	U.S. home sales fell last month, boating ill for the crucial spring selling season.
0:39.2	Plus, China dismisses suggestions it's in negotiations about tariffs with the U.S.
0:44.0	Trump has blinked, and the way this will be interpreted in Beijing is that China has a much greater tolerance for paying than the U.S. does.
0:51.6	And Florida's solution to a labor shortage? Teenage Workers. It's Thursday, April 24th.S. does. And Florida's solution to a labor shortage, teenage workers.
0:55.8	It's Thursday, April 24th.
0:57.9	I'm Alex Oslo for the Wall Street Journal.
1:00.1	This is the PM edition of What's News,
1:02.4	the top headlines and business stories that move the world today.
1:09.8	President Trump's apparent softening on tariffs against China in recent days has buoyed markets
1:14.9	and raised hopes for a de-escalation between the world's two largest economies. For Chinese leaders,
1:20.4	it only strengthens their resolve that Trump will eventually cave if they wait him out. President
1:25.7	Trump said today his team was actively talking to Beijing
1:28.9	about trade. Beijing played down hopes for an imminent reprochement, saying it hasn't held negotiations
1:35.1	with the U.S., quote, let alone reached an agreement, and described reports of U.S.-China talks as
1:40.9	fake news. WS.J. Asia Economic reporter Jason Douglas. Part of Beijing strategy is
	...

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