Photo: Omar Marques/SOPA Images/LightRocket via Getty Images

Huawei canceled a Windows laptop launch this week after being blacklisted from buying products from American companies by the U.S. Department of Commerce, the CEO of Huawei's consumer division confirmed to CNBC.

Why it matters: This is one of the first instances of the Chinese-owned Huawei delaying or canceling products since the Trump administration effectively barred all U.S. telecommunications firms from using Huawei equipment and blocked its access to U.S.-made goods.

Our thought bubble, per Axios' Ina Fried: Laptops aren't Huawei's most important business. They make most of their revenue from selling network equipment and phones, but it’s an example of some the ripple effects from the U.S. ban.

Background: Being placed on the "Entity list" — the second half of the administration's one-two punch against Huawei— makes it more difficult for U.S. companies to export goods to Huawei. The new laptop launch has been indefinitely postponed, CNBC reports.

Go deeper: How the new Huawei ban will affect the U.S.

Go deeper

Updated 13 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 32,949,407 — Total deaths: 995,658 — Total recoveries: 22,787,799Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 7,107,673 — Total deaths: 204,738 — Total recoveries: 2,750,459 — Total tests: 101,298,794Map.
  3. States: 3 states set single-day coronavirus case records last week — New York daily cases top 1,000 for first time since June.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

NYT: Trump paid $750 in federal income taxes in 2016 and 2017

Photo: Chip Somodevilla/Getty Images

The New York Times has obtained more than two decades' worth of tax-return data from Trump and the companies that make up his business, writing in an explosive report that the documents "tell a story fundamentally different from the one [the president] has sold to the American public."

Why it matters: The Times' bombshell report, published less than seven weeks before the presidential election, lays bare much of the financial information Trump has long sought to keep secret — including allegations that he paid $750 in federal income taxes in 2016 and 2017, and has over $300 million in personal debt obligations coming due in the next four years.

How Trump, Biden plan to score at Tuesday's debate

Illustration: Sarah Grillo/Axios

President Trump has been practicing with flashcards and prepping with former New Jersey Gov. Chris Christie before Tuesday's presidential debate.

Behind the scenes: Top aides tell Axios he's been testing his attacks on the campaign trail for weeks, seeing what ignites his crowds or falls flat. One of the biggest themes Trump plans to drive home is his "tough guy" persona, which advisers see as an advantage with voters in key states.

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