Photo: Cheriss May/NurPhoto via Getty Images

As the threat of a full blown trade war gets more realistic, companies are working to counter it, Reuters reports.

The big picture: They don't want any confrontation with President Trump, per CNBC, but "want to exert as much influence as they can" to convince him not to enter into a serious trade battle.

Amazon is pushing for more intense government lobbying, and "discussing industry-wide advertising campaigns."

Toyota Motor North America sent workers to a rally in D.C. this week, and the head of the branch is meeting with lawmakers to discuss tariffs.

General Motors executives have also been meeting with lawmakers and the administration.

Alcoa, an aluminum producer, told investors that it's in "active discussions" with the Department of Commerce, lawmakers, and the administration.

One image of success is Apple, CNBC reports, as it has received guarantees from the administration that "iPhones would ship from China without being subject to tariffs."

Go deeper

Dion Rabouin, author of Markets
25 mins ago - Economy & Business

Investors have nowhere to hide

Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

Kendall Baker, author of Sports
29 mins ago - Sports

A look inside sports owners' political donations

Data: ESPN/FiveThirtyEight; Chart: Axios Visuals

Sports team owners in the four largest North American leagues (NFL, NBA, MLB, NHL) have donated over $46 million in federal elections since 2015, according to research conducted by ESPN and FiveThirtyEight.

By the numbers: Over the past three elections, $35.7 million of that money (77.4%) has gone to Republican campaigns and super PACs, compared to $10.4 million (22.6%) to Democrats.

Updated 2 hours ago - Politics & Policy

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Illustration: Sarah Grillo/Axios

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