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WSJ What’s News

Growing Debt, Tariffs Weigh on U.S. Outlook

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 26 March 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for Mar. 26. Ratings company Moody's raises red flags over ballooning U.S. debt and the negative effects of tariffs. Plus, Vice President JD Vance announces he’ll join a controversial visit to Greenland this week, sparking anger and confusion on the island and in Denmark. And WSJ reporter Clarence Leong describes how China’s space industry is racing to catch up to SpaceX. Luke Vargas 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

In an age of unprecedented disruption and opportunity, success depends on what you do with your data and how fast you do it.

0:07.0

This is the era of AI. This is the era of KX. KX, survival of the fastest.

0:16.9

Moody's raises red flags over ballooning U.S. debt and the negative effects of tariffs.

0:22.8

Plus anger and confusion in Greenland as Vice President Vance joins a planned visit to the island this week.

0:29.6

And China's space ambitions take flight.

0:32.8

Beijing is aware that the U.S. is speeding ahead with SpaceX being the prime example, and it feels

0:40.1

a sense of urgency to catch up. It's Wednesday, March 26th. I'm Luke Vargas for the Wall Street

0:45.6

Journal, and here is the AM edition of Watts News. The top headlines and business stories

0:51.0

moving your world today.

1:02.4

The Trump administration is further limiting China's access to American technology,

1:06.0

expanding a crackdown that began during Joe Biden's term.

1:12.3

80 companies and institutes have been added to the export control list, including a U.S. affiliate of China's InS. Group that is a large buyer of Nvidia chips. China tech reporter

1:19.0

Lisa Lin says the move closes loopholes that had left room for blacklisted companies to still buy

1:24.4

U.S. technology. This is probably one of the earliest signs from the Trump administration that they are ready to play hardball when it comes to U.S. technology. This is probably one of the earliest signs from the Trump administration

1:28.9

that they are ready to play hardball when it comes to U.S.-China tech competition.

1:33.5

Let's not forget that even though China's been on his radar over the last couple of months,

1:38.7

it's mostly been about trade and not tech.

1:41.6

So what this new rule does now is to give us an indication of how the Trump

1:45.6

team may react when it comes to dealing with sales of advanced technology to China in the future.

1:50.8

A spokesman for China's foreign ministry called the U.S. action, quote, typical hegemonic

1:56.0

behavior that severely violates international law. Ratings company Moody's is warning that America's fiscal strength is in for a multi-year

2:05.4

decline amid the widening U.S. budget deficit and falling debt affordability.

...

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