Countries Negotiating With Trump Over Tariffs Turn to Goldman Sachs
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How do countries negotiate tariffs with Trump?
Everything really comes down to Trump's feelings. So as you're looking for a pathway to better trade terms and lower tariffs, you might want to consider addressing these issues that both Trump and Musk have publicly basically blasted.
What advice is Goldman Sachs providing?
Plus, Trump escalates his battle against Democratic-led states and cities that don't fully cooperate with immigration authorities. And elite universities are banding together to resist the Trump administration. It's Monday, April 28th. I'm Alex Osola for The Wall Street Journal. This is the PM edition of What's News, the top headlines and business stories that move the world today.
Why are elite universities resisting the Trump administration?
Over the past few months, the Trump administration has taken aim at universities like Harvard and Columbia because it says the universities have not done enough to protect Jewish students from anti-Semitism. Now, we're exclusively reporting that universities are banding together to resist the Trump administration's actions. A White House spokesperson said that the Trump administration is committed to reforming higher education and combating anti-Semitism. WSJ higher education reporter Doug Belkin is here now to discuss. Doug, how many universities are part of this collective?
There's about 10 universities that are part of the collective right now. They're mostly private, wealthy, blue state universities that have been approached by the Trump administration or are fearful that they are next. They see themselves as the locus of resistance, and they do believe that the number will grow.
What challenges are universities facing from the Trump administration?
So why are these universities doing this? What is their goal here?
The Trump administration is asking a lot of several universities right now, and they're threatening to, and in some cases they have moved, to freeze or cancel research funding and grants. So universities are in a really tight spot. Things that the Trump administration is asking for start with asking the schools to prevent anti-Semitism, to make sure that harassment of Jewish students ends. But it goes a little bit beyond that. The administration is asking for oversight of things like admissions and faculty hiring and to some extent curriculum and teaching and research. And that would end the independence of the universities. And that's where they are not willing to go right now.
How are universities banding together against Trump?
Is it that the universities are trying to avoid the fate of some top law firms where one deal led to the others following suit?
Right. The law firms were picked off one by one, and the universities are trying to avoid that negotiating error by banding together and trying to draw a line that they can all hold to make it more difficult for the administration to essentially impact any one of them individually.
Can they succeed in resisting the Trump administration this way, or is there something that could undermine their efforts?
That's the $64,000 question right now. When Harvard was given a list of demands by the task force, they went public with that list. And in that list, they said that they would not meet a number of the demands. Harvard has said that they've sued on the grounds that their First Amendment rights and their due process rights have been abused.
Can universities successfully resist the Trump administration?
And so they're hoping that the judge will stop the Trump administration. The issue that's at play here, though, is that the administration has a lot of different levers. They could potentially stop international students from enrolling. They're going after their tax-exempt status. It's not clear legally where they'll win and where the Trump administration will win.
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Chapters
7 chapters
1
How do countries negotiate tariffs with Trump?
0:39–0:56
2
What advice is Goldman Sachs providing?
0:56–1:20
3
Why are elite universities resisting the Trump administration?
1:20–2:11
4
What challenges are universities facing from the Trump administration?
2:11–2:56
5
How are universities banding together against Trump?
2:56–3:48
6
Can universities successfully resist the Trump administration?
3:48–6:27
7
Why are investors turning to gold and silver?
6:27–12:49
Speakers
3 identifiedMore from WSJ What’s News
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