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Corker. Photo: Chip Somodevilla/Getty Images

Republican Sen. Bob Corker plans to introduce legislation as early as today that would give Congress the authority to roll back President Trump's tariffs, Politico reports.

Why it matters: Corker, who is retiring after this term, is one of several Republican senators pushing back on Trump's decision to impose steel and aluminum tariffs on America's closest allies. Per Politico, "Senate Majority Leader Mitch McConnell and Speaker Paul Ryan have both criticized the metals tariffs ... but it's unclear whether they would entertain a vote on the matter by the GOP-controlled Congress — especially one that would likely draw a presidential veto."

Go deeper

U.S. sanctions Russian officials over Navalny poisoning and detention

Pro-Navalny protesters in front of the Brandenburg Gate in Berlin. Photo: Omer Messinger/Getty Images

The U.S. will sanction 7 senior Russian officials over the poisoning and jailing of opposition leader Alexey Navalny, senior administration officials told reporters on Tuesday.

Why it matters: The sanctions represent the first penalties the U.S. has imposed on Kremlin-linked officials since President Biden took office and pledged to confront Russian aggression and human rights abuses.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Investors increase their exuberance

Illustration: Eniola Odetunde/Axios

U.S. stocks jumped across the board on Monday and the S&P 500 had its best day since June 5, as the bulls stepped in and bought the dips in stock prices following last week's minor selloff.

Why it matters: While some have worried rising U.S. interest rates would dampen investor exuberance over the expected pickup in economic growth thanks to increasing vaccine numbers and big fiscal spending hopes, Monday showed investors still like risk assets. A lot.

4 hours ago - World

China and Russia vaccinate the world — for now

Illustration: Aïda Amer/Axios

While the U.S. and Europe focus on vaccinating their own populations, China and Russia are sending millions of COVID-19 vaccine doses to countries around the world.

Why it matters: China's double success in controlling its domestic outbreak and producing several viable vaccines has allowed it to focus on providing doses abroad — an effort that could help to save lives across several continents.