Commerce Secretary Howard Lutnick on Thursday touted the use of robotics in his pitch for an American "manufacturing renaissance."
The big picture: While President Trump's tariffs are meant to boost American manufacturing and jobs, U.S. manufacturers will likely hurt from these tariffs, at least in the short run. Whether they lead to more jobs in the long term remains an open question.
Apple's leaders, customers and fans are all holding their breath to see whether Trump's gigantic new tariffs will hamstring the iPhone maker.
Why it matters: Steve Jobs and Tim Cook built the most successful and arguably most beloved U.S. company for the last 25 years on a foundation of open trade, particularly with China.
The big picture: The fried chicken chain added pickle-flavored wings, pickle-glazed chicken sandwiches, fried pickles and pickle lemonade to its locations this week.
The president campaigned on a promise to bring down grocery prices, but the new tariffs announced Wednesday will do the opposite for many staple foods.
Why it matters: The supermarket is where Americans feel the most affected by inflation.
Why it matters: The stock market is not the economy, but the reaction is an early, visceral demonstration of the fear the public has over rising prices, slowing growth and the possibility of a recession.
Blake Simpson serves as chief communications and corporate affairs officer for Adtalem Global Education, which operates for-profit higher education institutions that support students pursuing careers in the health care industry.
Why it matters: Simpson's team is responsible for educating audiences on Adtalem's impact on the workforce and health care system.
Shifting spheres of influence and news consumption habits have dramatically changed since the last IPO boom in 2021, which means the IPO comms playbook should evolve too.
Why it matters: A flurry of public offerings is on deck and the business community is watching, which presents a major opportunity for modern corporate storytelling.
Corporate America's reaction to President Trump's tariffs has been muted so far, with many relying on trade associations or special interest groups to speak on their behalf.
Why it matters: Corporate America has recentlydrawn a hard line in the sand regarding how and when they comment on public policy, social issues or cultural moments.
Elon Musk will remain a "friend and an adviser" to the White House after his time directing DOGE's reordering of the federal government is through, Vice President JD Vance said in a Thursday interview.
The big picture: Musk is a "special government employee" who can only work 130 days per year, but Vance told "FOX & Friends" that "the work of Elon is not even close to done."
America is a large, rich country with a sweet tooth. Madagascar is a small, poor country with an abundance of vanilla. There's therefore a natural trade to be made: They send us their precious pods, we send them the dollars they need for day-to-day necessities.
Why it matters: By the logic of the Trump administration's new tariff regime, that's not a natural trade at all.
The carveouts for energy in President Trump's sweeping tariffs can't shield the sectors from collateral damage as markets digest the sweeping global penalties.
The latest: U.S. crude oil prices are down more than 6% this morning, even though oil, gas and certain minerals are exempted.
New OPEC+ plans to speed up supply additions are also weighing on oil prices.
A truly enormous shock is needed to tip the entire global economy into recession. Since World War II, there have been two of these events: the financial crisis of 2008-09, and the coronavirus pandemic of 2020.
Why it matters: President Trump's "Liberation Day" tariffs, if they stay in place and especially if they face retaliation from targeted nations, could be the third such economic earthquake in 17 years.
The clothes you buy stand to get a lot more expensive after President Trump announced new sky-high tariffs on imports from around the world, including from China, Vietnam and Bangladesh.
Why it matters: The U.S. imports nearly all of its clothing and shoes, with more than half from those three countries alone.
President Trump's "Liberation Day" tariff plan is one of the biggest, most abrupt economic gambles in presidential history.
He acted against the advice of most business leaders, many economists and even some Republican officials.
Why it matters: The reciprocal tariffs, which go into effect in one week, target vital trading partners with massive levies — the kind that could raise consumer prices, interrupt business activity and upend global trade.
House Democrats are making an unusual plea to billionaire Trump lieutenant Elon Musk: Come campaign for our Republican opponents next year.
Why it matters: Democrats see the Republican-aligned candidate's wipeout in Tuesday's Wisconsin Supreme Court election as a clear signal that Musk has become electoral poison for the GOP.
Republicans survived Tuesday's special elections for two congressional seats in Florida, but the races exposed deep frustrations in President Trump's team over the House GOP's political apparatus.
Why it matters: The growing angst comes as Republicans are holding onto a narrow congressional majority in an uncertain political environment.
American University's business school is launching an Institute for Applied Artificial Intelligence in an effort to weave AI into every aspect of the school, the university first shared with Axios.
The big picture: Some colleges and many high schools still ban ChatGPT and other generative AI tools, while others are going all in.
Officials in the European Union, China and North American neighbor Canada say they're preparing countermeasures in response to President Trump's announcement of sweeping tariffs on U.S. imports.
Why it matters: A global trade war is heating up following Trump's announcement of a baseline 10% tariff on U.S. imports, with higher levies hitting China, the EU and elsewhere, which threatens to trigger stagflation with profound consequences for global economies, per Axios' Ben Berkowitz.
President Trump'ssweeping tariffs announced Wednesday extend to countries and territories across the world — including the uninhabited Heard Island and McDonald Islands in the sub-Antarctic Indian Ocean.
The big picture: The remote UNESCO World Heritage-listed Australian territory, which features a mostly barren landscape, was included in the list of baseline 10% taxes on U.S. imports, along with mainland Australia.
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