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Chuck Kennedy/Axios

White House adviser Ivanka Trump defended the Trump administration's tariffs on steel and other products as a "temporary pain" at an Axios event Thursday, claiming that farmers will "thrive" long-term as NAFTA and other trade deals are renegotiated in the coming weeks.

"They're patriots and they know that there's some temporary pain, but that the president's fighting for them and that he's going to fix it — and that long-term, they're going to thrive...at some point you do have to right the ship. And we're not looking for — to create an uneven playing field for other countries. They're looking for fair and reciprocal trade deals."

Go deeper with more from the interview: Ivanka breaks with her dad on media as "enemy of the people."

Get more stories like this by signing up for our daily morning newsletter, Axios AM. 

Go deeper

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

FTX CEO predicts more U.S. crypto flight

Photo: "Axios on HBO"

FTX doesn't look much like a company valued at $25 billion. Its new headquarters, located in a sleepy part of The Bahamas, is so nondescript as to not even have a sign. But it does expect to soon have neighbors.

Driving the news: Founder and CEO Sam Bankman-Fried tells "Axios on HBO" to expect "more and more crypto flight from the states" if the U.S. doesn't soon create a regulatory regime for cryptocurrencies.

Developed countries reveal $100 billion climate finance plan ahead of COP26

Alok Sharma, head of the UN Climate Summit in Glasgow, speaks in Paris on Oct. 12. ( Li Yang/China News Service via Getty Images)

After 12 years of fits and starts, industrialized nations on Monday put forward a detailed plan to provide at least $100 billion annually in climate aid to developing countries starting by 2023.

Why it matters: The plan, presented by representatives of Canada and Germany, is aimed at defusing one of the biggest sources of tension at COP26, which is the failure of industrialized nations to follow through on their financial commitments.

3 hours ago - Health

Moderna says COVID vaccine shows strong immune response in kids

Photo: Martin Galindo/Long Visual Press/Universal Images Group via Getty Images

Moderna on Monday released trial results for its coronavirus vaccine for children aged 6 to 11, saying it provides a "robust" immune response after two doses.

Why it matters: Moderna said it will officially submit the results to the Food and Drug Administration for authorization in "the near term," meaning we could soon see two coronavirus vaccines available to protect approximately 28 million more kids in the U.S.