Jul 21, 2018

Companies working to dissuade Trump from his trade war

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

UFC wants to host fight on tribal land to avoid coronavirus restrictions

Illustration: Aïda Amer/Axios

In an attempt to skirt federal and state guidelines during the coronavirus pandemic, the UFC plans to hold its April 18 pay-per-view event on tribal land in California, per multiple reports.

The state of play: Even as the rest of the sports world hits pause, UFC president Dana White has remained adamant that fights must go on, and appears to have settled for a shutdown casino in a state with the fourth-most confirmed cases of coronavirus.

Go deeperArrow13 mins ago - Sports

Ivanka Trump plans focus on coronavirus recovery for small businesses

Ivanka Trump speaks at yesterday's White House videoconference with bank and credit card executives. Photo: Kevin Lamarque/Reuters

Ivanka Trump personally lobbied top bank executives to line up the $1.5 billion in commitments to small business that were announced yesterday at a videoconference among the bank executives and President Trump — stoking competitive juices among the execs to drive up their commitments.

The state of play: Ivanka, who has had workforce development in her portfolio going back to 2017, plans an increasing emphasis on small businesses in the weeks ahead as they navigate the rescue bill’s Payroll Protection Program, sources tell me.

Public transit's death spiral

Illustration: Eniola Odetunde/Axios

Public transit systems across the country are experiencing a painful trifecta: Ridership has collapsed, funding streams are squeezed, and mass transit won't bounce back from the pandemic nearly as fast as other modes of transportation.

Why it matters: Transit agencies could see an annual shortfall of as much as $38 billion due to the coronavirus pandemic, according to TransitCenter. At the same time, they're more important than ever, with more than 36% of essential workers relying on public transportation to get to work.

Go deeperArrow4 hours ago - Health