President Trump speaks to Congress — and the country — in a live address tonight where he is expected to outline his plans and priorities for his second term.
After weeks of stalled decision-making, the global trade war automakers were hoping to avoid is now here, providing a measure of clarity that had been missing.
While significant disruption is inevitable, at least there's a playbook from the last big shock to hit the industry: COVID.
Why it matters: Though unwelcome, supply chain upheavals are nothing new for carmakers, who have built a culture of resiliency while dealing with everything from tsunamis and fires to labor strikes and safety recalls — not to mention the global health crisis.
American farmers are bracing for impact as President Trump's trade war threatens foreign markets for U.S. agricultural products.
Why it matters: Ag, food and related industries made up about 5.5% of the U.S. economy in 2023, contributing more than $1.5 trillion to GDP, according to the U.S. Bureau of Economic Analysis.
The stock market is now lower than when Donald Trump was sworn in as president — and lower than when he was elected president.
Why it matters: With the imposition of severe tariffs on America's largest trading partners, investors seem to have lost whatever euphoria greeted Trump's election.
President Trump's 25% tariffs on imports from Canada and Mexico, as well as new levies on Chinese imports took effect on Tuesday.
Why it matters: Trump's confirmation of the tariffs sent markets sliding amid fears it could raise prices for U.S. customers, hurt the economy and prompt a trade war.
Former White House press secretary Karine Jean-Pierre denounced the Trump administration's takeover of the White House press pool on Tuesday.
The big picture: Her comments come as President Trump targets traditional media, putting transparent coverage of the government in jeopardy as Americans' trust in the press dips to an all-time low.
Patch, the hyperlocal digital news platform, has expanded its editorial presence to nearly every town in the U.S. using AI, according to CEO Warren St. John.
Why it matters: The AI newsletters, which are trained to pull information from vetted sources — including from Patch — have expanded Patch's reach from 1,100 U.S. communities to 30,000 in just a few months.
TikTok is eyeing an expansion of its local services business to the U.S., according to job postings and sources familiar with its plans.
Why it matters: TikTok has routinely cited its positive impact on local businesses as part of its defense for remaining available in the U.S., despite a law that requires the app to be banned unless it sells to a U.S. owner.
Victor Morales has been named acting CEO of the U.S. Agency for Global Media, the body that oversees U.S. government-funded news organizations, according to an email to staff from new USAGM special advisor Kari Lake sent Monday night and obtained by Axios.
Why it matters: USAGM has wasted no time probing journalists at Voice of America, the largest U.S. international broadcaster, for what it says are possible violations of its social media rules.
President Trump imposed sweeping tariffs Tuesday on America's largest trading partners, triggering a global trade war that promises to affect the wallets of everyday Americans.
Why it matters: After running — and winning — on a promise to curb inflation, Trump's trade war threatens to raise prices for everything from food and clothes to cars and computers.
BlackRock on Tuesday said it agreed to acquire two ports serving the Panama Canal from Hong Kong's CK Hutchinson, as part of a larger $22.8 billion deal.
Why it matters: President Trump has threatened to retake control of the Panama Canal, due to what he perceives as unfair treatment of U.S. vessels because of Chinese influence.
New tariffs are expected to cause food prices to rise in the coming days, especially on produce from Mexico, Target CEO Brian Cornell warned Tuesday.
Why it matters: President Trump's long-promised tariffs on goods from Mexico and Canada went into effect Tuesday along with an additional 10% levy on Chinese imports.
Lawsuit abuse and rising insurance costs are driving up the price of rideshare services — forcing riders to pay more for every trip.
What you need to know: The American Tort Reform Association found that lawsuit abuse costs every American $1,424 annually — nearly $6,000 per year for a family of four.
Meanwhile, personal vehicle owners have faced a 30% rise in motor vehicle insurance costs nationwide over the past three years, according to the Consumer Price Index.
The Trump administration says tariffs will encourage domestic production and investment, but that's a trend that was already well underway.
Why it matters: Long before tariffs, deglobalization and reshoring trends were accelerated by the passage of U.S. tax legislation in 2017, and then supercharged by an executive decree from Mexico last December.
Waymo's autonomous vehicles are now available on the Uber network in Austin, as more robotaxis begin to share the road with human drivers in select pockets of the U.S.
Why it matters: Maybe you don't feel like conversation with a chatty Uber driver, or you don't like the way they drive. Now you can choose to have a robot-driven car all to yourself.
Sen. Josh Hawley (R-Mo.) is introducing a major bipartisan, union-backed labor bill on Tuesday, according to a draft first obtained by Axios.
Why it matters: It's the first time in decades a Republican has spearheaded pro-union reforms. It comes as the Senate looks likely to confirm President Trump's pro-labor nominee Rep. Lori Chavez-DeRemer as soon as this week to lead the Labor Department.
President Trump is making good on tariff threats that will raise the stakes of his trade war with China and potentially ignite another in North America.
Why it matters: It breaks a pattern of head fakes that Wall Street and businesses large and small had hoped would continue.
Rachel Whetstone has joined Sierra, the AI startup founded by former Salesforce CEO and current OpenAI chair Bret Taylor and former Google executive Clay Bavor, Axios exclusively reports.
Why it matters: Whetstone previously led communications for four of the fastest-growing companies of the past 40 years. She will be tasked with positioning Sierra to disrupt the customer service space.
Vice President JD Vance said Monday the Trump administration is working with Russia to end its war on Ukraine and that the "door is open" for Ukrainian President Volodymyr Zelensky if he's "willing to seriously talk peace."
Why it matters: In his first interview since Friday's heated White House exchange that Vance and President Trump had with Zelensky, the vice president on Fox News criticized Ukraine's leader and argued that it's in Kyiv's best interests to sign a minerals deal with the U.S.
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