Investors Hold Their Breath as Trump Tariffs Loom

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• 00:03

  Investors hold their breath ahead of President Trump's long-awaited tariff announcement later today.

• 00:09

  Plus, a liberal judge wins the Supreme Court race in Wisconsin in a rebuke of Trump and Elon Musk.

• 00:16

  Wisconsin stood up and said loudly that justice does not have a price.

• 00:23

  Our courts are not for sale.

• 00:27

  And we'll look at a potential TikTok takeover deal just days ahead of a deadline to sell the platform or shut it down.

• 00:34

  It's Wednesday, April 2.

• 00:36

  I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News,

• 00:42

  the top headlines and business stories moving your world today.

• 00:49

  We are mere hours away from the announcement of new U.S. tariffs,

• 00:53

  which President Trump is set to unveil at a White House press conference after the close of markets.

• 00:59

  We report that so-called reciprocal tariffs are expected,

• 01:03

  and that whatever measures are announced will take effect immediately,

• 01:07

  though the precise contours of the likely sweeping announcement remain under wraps.

• 01:12

  Well, as we await the news, we've got Maya Bondari with us to preview the coming trading day and beyond.

• 01:17

  She is the chief investment officer for multi-asset AMIA at asset manager Newburger Berman.

• 01:23

  Maya, we have expected that by this point,

• 01:25

  we would have a sense of what was going to be announced today, alas, as it stands, we don't.

• 01:31

  Could you read the tea leaves, though, a bit on what might be coming?

• 01:35

  It does seem likely

• 01:36

  that what we learn today is going to include some non-tariff measures capturing things like currency undervaluation as a possible gauge,

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