President Trump on Tuesday said he's considering a 10% tariff on China, despite a recent softening tone with the country.
The big picture: The newly inaugurated president, who held off on imposing his promised massive tariffs on Mexico and Canada on his first day in office, recently signaled he wouldn't immediately raise tariffs on Chinese products as some expected.
The escalating bird flu crisis is ravaging the nation's supply of eggs, leading to increased prices and presenting an immediate challenge for the Trump administration.
Why it matters: An outbreak of avian influenza is growing and has affected nearly 13 million birds in the last 30 days, according to USDA data.
The Securities and Exchange Commission, a day after the resignation of chairman Gary Gensler, announced a crypto task force Tuesday charged with putting the agency on what it called a "sensible regulatory path."
Why it matters: The crypto industry has long sought updates to rules around securities that would take the characteristics of blockchain technology into consideration.
It's one thing for the new President to support the blockchain industry, but veterans aren't so crazy about him joining their ranks.
Why it matters: The president-elect nominally making $50 billion on a crypto asset that didn't exist a day prior speaks to the industry's power — but there's growing debate within the community about a stain on crypto's burgeoning credibility.
When Donald Trump first ascended to the presidency in 2017, it seemed to global elites like a temporary aberration. Now, his leadership is set to define an era for the world economy.
Why it matters: The economic thrust that prevailed for decades — a period of nations becoming ever more interconnected, with the U.S. as the unquestioned protector of that world order — has receded fast, and doesn't look likely to return.
The wild gyrations of the Canadian dollar offer a valuable reminder to markets: There's what other people say Donald Trump will do, and what Donald Trump says he'll do.
Why it matters: The difference between the two can be worth billions of dollars.
Humanity is "on the verge" of having AI agents that can complete tasks in the real world, OpenAI product chief Kevin Weil told Axios' Ina Fried in Davos Tuesday.
Why it matters: Weil's prediction comes days after Axios reported that a major AI company was close to announcing a breakthrough regarding the creation of Ph.D.-level AI super-agents capable of completing complex tasks.
Advocates for Atlanta's unhoused population are demanding accountability following the death of a homeless man who was fatally injured during a city sweep of an encampment in Old Fourth Ward on Friday.
President Trump said little about China in his inauguration address Monday amid growing signs that he's becoming friendlier with the country he's long assailed.
Why it matters: Trump ignited a trade war with China during his first term and pledged to do the same thing again this time.
The newly formed Department of Government Efficiency, or DOGE, will operate within the U.S. government, according to a fact sheet connected with an executive order expected Monday to establish the new entity, Semafor reported.
Why it matters: It was not known at this point how the new department, co-led by Elon Musk and Vivek Ramaswamy, would be structured to pursue its mission of cutting government spending.
"Arbitrary" and "capricious" will forever characterize Gary Gensler's tenure at the helm of the U.S. Securities and Exchange Commission, a couple of words used in two crucial rebukes by U.S. courts.
Why it matters: The former Goldman partner and veteran regulator established the crypto industry as enemy number one from the outset of his term in 2021. That fight has seen many tactical wins for the SEC, but is marked by a fundamental strategy that has not held up to legal scrutiny.
Optimism for the year ahead has dropped significantly among people of color, LGBTQ+ Americans and many women as President-elect Trumpreturns to the White House, a new Axios Vibes survey by The Harris Poll finds.
Why it matters: The disparities between demographic groups in terms of how they're feeling heading into 2025 reflect the fact that while Trump's return fills some Americans with hope, many others are deeply concerned.
China's Vice President Han Zheng and Elon Musk met on Sunday ahead of President-elect Trump's inauguration, per Chinese state media.
Why it matters: Chinese leader Xi Jinping deployed his top envoy to attend Trump's inauguration on Monday in an unprecedented move following Trump's threats to impose major tariffs on China.
