The White House scales back its planned tariff announcements for next week.
Plus investors hedge their bets and look beyond America's shores.
A lot of investors feel like
if they can have their money not just in the U.S. but in Europe and China and commodities like gold,
it'll make them feel less like the value of their portfolio is tied to the day to day actions of the White House.
And with ceasefire talks stalled,
Israel expands its ground operations across Gaza It's Monday, March 24th.
I'm Luke Vargas for the Wall Street Journal and here is the AM edition of what's news,
the top headlines and business stories moving your world.
Today, the White House is narrowing down the list of tariffs set to take effect next week.
We report that while so called reciprocal tariffs remain likely to kick in on second,
a day President Trump has called Liberation Day for the US Sector,
specific tariffs on cars, pharmaceuticals and semiconductors are now likely not to be announced.
The White House didn't respond to requests for comment on
if or when those tariffs are still planned to go into effect.
While also being dialed back is the scope of those reciprocal tariffs that seek to match U.S.
duties with those charged by trading partners.
According to people with knowledge of the planning,
they will now be focused on just 15 15% of countries that maintain persistent trade imbalances with the US which would likely include Canada and Mexico,
China, Vietnam, South Korea, Japan and the European Union.