Obama administration

Obama's transportation secretary joins Lyft as policy chief

Photo of ex-Obama Transportation Secretary Anthony Foxx.
Anthony Foxx. Photo: Lyft

Anthony Foxx, formerly the secretary of transportation under President Obama, is joining ride-hailing company Lyft as its chief policy officer, and is relocating to San Francisco to work full time at the company's headquarters.

Why it matters: While government relations have always been critical to ride-hailing companies, they are only becoming more important, especially at the federal level, as self-driving cars get closer to reality. Foxx isn't the first Obama administration alumnus at Lyft — former senior advisor Valerie Jarrett is on the company's board of directors.

Expert Voices

Latest Trump tariffs avoid steep escalation, but future threats loom

Illustration: Lazaro Gamio/Axios
Illustration: Lazaro Gamio/Axios

President Trump announced this week a 10% tariff on an additional $200 billion of Chinese imports on September 24, and threatened to impose 25% tariffs on essentially all imports from China early next year. China retaliated with new tariffs of its own, as expected.

Why it matters: By keeping the rate at 10%, the Trump administration has limited the tariffs’ short-run economic impact. China’s currency has weakened by more than 5% since its peak earlier this year, mitigating some of the pain befalling Chinese manufacturers and U.S. consumers, and 10% is low enough that both Chinese exporters and U.S. importers can absorb a portion of the cost.