A New Global Trade Order Takes Shape

A.M. Edition for April 3. Markets around the world are reeling after yesterday’s unveiling of sweeping new U.S. tariffs. The Journal’s Alex Frangos and Deborah Ball take stock of what’s changing and how America’s trade partners are responding. Plus, the Council on Foreign Relations’ Brad Setser explains the shocks in store for the global auto industry - and consumers - as U.S. duties on foreign-made vehicles and parts kick in. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices