Axios

The Trump administration said Tuesday that it will impose 25% tariffs on an additional $16 billion worth of Chinese imports, the latest pushback in the United States' growing trade war with China.

The details: Customs officials will begin collecting duties on 279 of the 284 products the government initially announced in June. The list covers a range of goods, from motorcycles to steam turbines and railway cars. The announcement comes as the White House is considering to increase tariffs on $200 billion of Chinese goods from 10% to 25%.

Tesla founder and CEO Elon Musk tweeted Tuesday that he may acquire the electric car company for more than $85 billion (including debt).

Timing: The tweet came just after the Financial Times reported that a Saudi Arabian sovereign wealth fund had acquired around a $2 billion stake in Tesla. Musk has not yet provided any additional information, such as the identities of his financing partners, nor has Tesla itself made a comment.

More than half (18) of the 30 most polarizing brands polled by Morning Consult are media companies, meaning Democrats and Republicans are particularly divided over their perception of media brands.

Zillow has agreed to buy Mortgage Lenders of America, a national mortgage lender based in Overland Park, Kansas.

Why it matters: Zillow CEO Spencer Rascoff tells Axios that MLA isn't large enough "to satisfy our long-term ambitions." In other words, expect Zillow to buy up other home mortgage lenders.

White House officials sought to reassure tech industry representatives at a private meeting last week that the Trump administration's pugnacious trade policies will ultimately aid their businesses, according to multiple sources.

Why it matters: A trade war between the U.S. and China could put a big dent in the long run of profits and growth that the tech world has seen over the last decade, so its lobbyists have pushed to soften the administration's stance.

Extreme poverty is decreasing, while extreme inequality is on the rise — two trends with far-reaching consequences all over the globe.

The bottom line: The millions of people escaping poverty may find they don't have far to rise.

WeWork has hired ex-Salesforce and AppDynamics exec Kendall Collins to oversee its technology it continues to grow its “Powered by We” business, through which it helps companies redesign and even manage their offices.

Why it matters: WeWork's business model has long been in question, especially as its valuation rose to $20 billion last year. The company has been diversifying its revenue streams by signing up large companies as multi-year customers, and now by offering services in their offices.

The Turkish lira has continued its six-day free fall, hitting a record low against the dollar following news that the U.S. will review the country's duty-free access to the American market, reports Reuters.

Why it matters: The currency has lost a quarter of its value this year, driven both by President Recep Tayyip Erdogan’s push to exercise more control over Turkey's monetary policy and the threat of U.S. sanctions over the detention of American pastor Andrew Brunson. A review by the U.S. Trade Representative's office on whether Turkey has complied with its preferential tariff system could affect $1.66 billion worth of Turkish imports.

Apple has removed five podcasts created by Alex Jones' Infowars from iTunes and its Podcast app, including the host's own "The Alex Jones Show," citing violations of the company's hate speech guidelines, reports BuzzFeed News.

The big picture: Apple's move is one of the strongest yet by any tech company against Jones' conspiratorial outfit as the controversial host faces down a defamation lawsuit by the parents of two children killed in the Sandy Hook shooting. Jones has also been temporarily banned from Facebook, and Spotify confirmed to BuzzFeed News that it has removed its entire library of "The Alex Jones Show" after removing select episodes last week.