Luke Vargas

seemed to acknowledge that because of the inroads China had made around the world, it was going to be difficult to force a choice of it's either us or them. And yet Trump himself yesterday said he's considering pushing countries to make that very choice.

seemed to acknowledge that because of the inroads China had made around the world, it was going to be difficult to force a choice of it's either us or them. And yet Trump himself yesterday said he's considering pushing countries to make that very choice.

That was the journal's Gabrielle Steinhauser. The White House and Treasury Department didn't respond to requests for comment. And speaking of China, official data shows its economy got a first-quarter boost thanks to a rush of exports ahead of U.S. tariffs, expanding 5.4 percent compared to the same period a year earlier.

That was the journal's Gabrielle Steinhauser. The White House and Treasury Department didn't respond to requests for comment. And speaking of China, official data shows its economy got a first-quarter boost thanks to a rush of exports ahead of U.S. tariffs, expanding 5.4 percent compared to the same period a year earlier.

Though that could be the best news for a while, as economists expect Chinese growth to fall to 4 percent or less this year, its slowest expansion in decades outside of the pandemic years. There are already signs tariffs are beginning to drag China's economy. Chinese wholesalers say U.S. orders have dried up.

Though that could be the best news for a while, as economists expect Chinese growth to fall to 4 percent or less this year, its slowest expansion in decades outside of the pandemic years. There are already signs tariffs are beginning to drag China's economy. Chinese wholesalers say U.S. orders have dried up.

The country's Ministry of Transport reports container traffic at Chinese ports fell 6 percent last week from the previous seven days. And an index of freight rates for shipping goods to the U.S. West Coast has dropped by some 18 percent. Coming up, Nvidia sales take a hit on new AI chip restrictions on China and will unpack the impact of tariffs on the U.S. energy sector.

The country's Ministry of Transport reports container traffic at Chinese ports fell 6 percent last week from the previous seven days. And an index of freight rates for shipping goods to the U.S. West Coast has dropped by some 18 percent. Coming up, Nvidia sales take a hit on new AI chip restrictions on China and will unpack the impact of tariffs on the U.S. energy sector.

Those stories and more after the break.

Those stories and more after the break.

Global oil markets are being roiled by tariffs, so declared the International Energy Agency in a report this week that shed light on how trade tensions and recession fears are rippling through energy markets. And here to plumb the depths of the IEA's findings, including what could be in store for American energy producers and consumers, is journal reporter Benoit Morin. Benoit,

Global oil markets are being roiled by tariffs, so declared the International Energy Agency in a report this week that shed light on how trade tensions and recession fears are rippling through energy markets. And here to plumb the depths of the IEA's findings, including what could be in store for American energy producers and consumers, is journal reporter Benoit Morin. Benoit,

What has been going on with energy markets in the last few weeks? I will admit here on the show, we've talked a lot about equities, how they've been affected, particularly the tech sector. We've talked about bond yields, about the dollar, but gas prices, global energy demand, not as much. What's been going on?

What has been going on with energy markets in the last few weeks? I will admit here on the show, we've talked a lot about equities, how they've been affected, particularly the tech sector. We've talked about bond yields, about the dollar, but gas prices, global energy demand, not as much. What's been going on?

Going back to producers, especially those in the U.S., as I know you've written with our colleague Colin Eaton, they have got another challenge now in the form of tariffs.

Going back to producers, especially those in the U.S., as I know you've written with our colleague Colin Eaton, they have got another challenge now in the form of tariffs.

So low prices, a disincentive to drill more, higher production costs would have the same effect. Then there's the question of markets and market access, which is very much in flux as global trade is upended.

So low prices, a disincentive to drill more, higher production costs would have the same effect. Then there's the question of markets and market access, which is very much in flux as global trade is upended.

I've been speaking to Wall Street Journal energy reporter Benoit Morin in Houston. Benoit, thank you so much for bringing us this update. Thank you for having me. In markets news today, shares of NVIDIA fell more than 6 percent in off-hours trading after the chipmaker said it would take a $5.5 billion hit on its quarterly earnings, as it disclosed that the U.S.

I've been speaking to Wall Street Journal energy reporter Benoit Morin in Houston. Benoit, thank you so much for bringing us this update. Thank you for having me. In markets news today, shares of NVIDIA fell more than 6 percent in off-hours trading after the chipmaker said it would take a $5.5 billion hit on its quarterly earnings, as it disclosed that the U.S.