Luke Vargas

According to people familiar with the matter, those would be National Institutes of Health grants, but Brown said the freeze was a rumor they couldn't confirm.

According to people familiar with the matter, those would be National Institutes of Health grants, but Brown said the freeze was a rumor they couldn't confirm.

At the same time, a Harvard spokesperson said Thursday night that members of Trump's anti-Semitism task force had sent a letter with nine demands the school must meet to avoid losing billions in government funding, mostly concerning how the university operates. And that's it for What's News for this Friday morning. Today's show was produced by Kate Bullivant.

At the same time, a Harvard spokesperson said Thursday night that members of Trump's anti-Semitism task force had sent a letter with nine demands the school must meet to avoid losing billions in government funding, mostly concerning how the university operates. And that's it for What's News for this Friday morning. Today's show was produced by Kate Bullivant.

Our supervising producer was Daniel Bach. And I'm Luke Vargas for The Wall Street Journal. We will be back tonight with a new show. Otherwise, have a great weekend and thanks for listening.

Our supervising producer was Daniel Bach. And I'm Luke Vargas for The Wall Street Journal. We will be back tonight with a new show. Otherwise, have a great weekend and thanks for listening.

Global markets reel after the U.S. unveils sweeping tariffs. We'll look at how world leaders are reacting as China and the EU promise to hit back.

Global markets reel after the U.S. unveils sweeping tariffs. We'll look at how world leaders are reacting as China and the EU promise to hit back.

And the auto industry stares down major changes as 25% U.S. tariffs on foreign-made cars and parts go into effect. It's Thursday, April 3rd. 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.

And the auto industry stares down major changes as 25% U.S. tariffs on foreign-made cars and parts go into effect. It's Thursday, April 3rd. 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 world is waking up to the new realities of trade after President Trump yesterday unveiled a suite of protectionist measures that he justified by citing his emergency economic authority.

The world is waking up to the new realities of trade after President Trump yesterday unveiled a suite of protectionist measures that he justified by citing his emergency economic authority.

Among the moves that Trump announced were a 10 percent baseline tariff on all global imports, which will go into effect on Saturday. And for countries that the White House considers bad actors on trade, they'll be hit instead with a so-called discounted reciprocal tariff.

Among the moves that Trump announced were a 10 percent baseline tariff on all global imports, which will go into effect on Saturday. And for countries that the White House considers bad actors on trade, they'll be hit instead with a so-called discounted reciprocal tariff.

New duties amounting to 24 percent for Japan, 20 percent for the EU and above 40 percent for select countries in South and Southeast Asia. Well, here to put these measures into context, I'm joined by Journal Europe finance editor Alex Frangos and Asia editor Deborah Ball. Alex, let me start with you. Explain these discounted reciprocal tariffs for us. What's the math behind them?

New duties amounting to 24 percent for Japan, 20 percent for the EU and above 40 percent for select countries in South and Southeast Asia. Well, here to put these measures into context, I'm joined by Journal Europe finance editor Alex Frangos and Asia editor Deborah Ball. Alex, let me start with you. Explain these discounted reciprocal tariffs for us. What's the math behind them?

With a huge global effect, Deb, you're there in Singapore. I'm curious if you could just weigh in on the significance of this policy pivot we're witnessing, one that really hits Asian countries particularly hard.

With a huge global effect, Deb, you're there in Singapore. I'm curious if you could just weigh in on the significance of this policy pivot we're witnessing, one that really hits Asian countries particularly hard.

Lots of big decisions being made around the world, Alex. But back to the U.S., Trump saying he wants to bring America back to how its economy functioned before 1913, a date that got a lot of play in that speech in the Rose Garden yesterday, the year when the U.S. really began to undo its longstanding policies of protectionism.

Lots of big decisions being made around the world, Alex. But back to the U.S., Trump saying he wants to bring America back to how its economy functioned before 1913, a date that got a lot of play in that speech in the Rose Garden yesterday, the year when the U.S. really began to undo its longstanding policies of protectionism.