Apr 3, 2018

U.S. industry giants rebel against possible trade war

A ship carrying Chinese exports. Photo: VCG via Getty Images

"Companies in technology, investment and other industries now say that the measures the administration is taking to help them may actually end up doing irreparable harm to supply chains they have built up over decades," the N.Y. Times' Ana Swanson reports.

The bottom line: "Any American company that wants to be a global player cannot afford to lose access to China’s growing market, executives say."

  • "Technology companies argue that the restrictive measures the administration is taking to help protect them could end up penalizing American manufacturing, raising costs and making their companies less competitive globally."
  • "And industries most vulnerable to retaliation, like agriculture, are protesting about losing valuable export opportunities."

Go deeper

Sanders requests recount of Iowa recanvass after results show shrunken margin

Photo: Joe Raedle/Getty Images.

Sen. Bernie Sanders said in a statement Tuesday night he will request a recount of the Iowa Democratic Party's recanvass results.

Where it stands: Both Buttigieg and Sanders requested partial recanvasses in Iowa last week after results were delayed and showed several errors following a software malfunction on caucus night.

Axios Dashboard

Keep up with breaking news throughout the day — sign up for our alerts.

Energy deputy secretary nominee faces heat after contradicting Trump

Mark Menezes speaks at a forum in Addis Ababa, Ethiopia, June 12. Photo: Minasse Wondimu Hailu/Anadolu Agency/Getty Images

Trump administration officials are internally raising concerns about President Trump’s nominee for Energy deputy secretary, who appeared to openly contradict the president on nuclear waste storage at Nevada’s Yucca Mountain last week.

Driving the news: While speaking at a House Energy and Commerce subcommittee hearing last Wednesday, Mark Menezes told members of the panel that the Trump administration is still interested in storing nuclear waste at Yucca Mountain and that “what we're trying to do is to put together a process that will give us a path to permanent storage at Yucca."