President Trump tweeted on Friday that the "great nation of Australia" may be exempted from steel and aluminum tariffs.
Why it matters: Trump has voiced the possibility of reprieve for Mexico and Canada as well. The reaction around the world to his tariffs have been mostly negative, with China and the E.U. saying they could retaliate with their own restrictions.
Illustration: Aïda Amer/Axios
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Illustration: Sarah Grillo/Axios
The airline industry got a $58 billion lifeline in the coronavirus federal aid package. But the path is unclear for these companies, whose operations and prospects will be forever changed by the global pandemic.
Why it matters: People may want to minimize travel for the foreseeable future. Investors, analysts and industry watchers are trying to determine how much airlines will need to spend — and how much more in lost revenue they'll see — while they adapt to the new reality.
President Trump said at a press briefing Tuesday that he "didn't see" memos from his trade adviser Peter Navarro warning in January and February that the coronavirus crisis could kill more than half a million Americans and cost close to $6 trillion.
Why it matters: Trump insisted that despite not seeing the memos, he did "more or less" what Navarro suggested by banning non-U.S. citizens from traveling from China effective Feb. 2.