P.M. Edition for July 25. American corporations have paid much of the additional $55 billion in tariffs that the U.S. has collected this year. WSJ economics reporter Jeanne Whalen explains why these companies are footing the bill, and when we might expect to see those costs passed on to consumers. Plus, earlier this week Columbia University agreed to pay the Trump administration $200 million to restore its federal funding. We hear from WSJ White House reporter Natalie Andrews about how this agreement may provide a blueprint for negotiations with other schools. And banks are getting picky about who they want as credit card customers. WSJ personal economics reporter Imani Moise discusses what kinds of customers they’re looking for, and the impact this higher bar could have on consumers. Alex Ossola hosts.

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