Alex Ossola

will raise tariffs on cars and trucks from the European Union to 25 percent from 15 percent.

The president says the EU isn't complying with the trade agreement it signed last year.

European lawmakers are in the process of passing legislation for its side of the deal.

The European Commission said the bloc is putting the deal into practice and that it will, quote, keep our options open to protect EU interests if the U.S.

doesn't abide by the agreement.

The White House didn't say when higher tariffs would go into effect.

As you probably know, banks get money from stores whenever customers use their credit card.

An Illinois law set to go into effect this summer would ban a small part of those credit card fees.

The fees wouldn't be applied to taxes and tips.

Stores argue that right now it's unfair that they have to pay credit card fees on money that doesn't end up in their pockets.

Now, this law may sound like small change in the scheme of things, but it could have big repercussions.

Ben Glickman covers payments for the journal and joins us now.

Ben, credit card fees have long been a point of tension between merchants and banks and credit card companies.

Some recent developments have been in favor of merchants, like a settlement that lets them reject some credit cards.

What do stores hope to gain from the Illinois law if it does go into effect?

And how has the banking industry reacted to this law?

Is this law definitely taking effect?

That was WSJ reporter Ben Glickman.

Thanks, Ben.

Coming up, the American cities where the dream of robo-taxis is finally becoming a reality.