May 5, 2020 - Economy & Business

American concern about tariffs hits new record high

Dion Rabouin, author of Markets
Data: CivicScience; Chart: Axios Visuals

Concern about President Trump's tariffs on U.S. imports of Chinese goods hit its highest level on record in April, as the coronavirus pandemic caused more Americans to fear the their' impact on household finances, according to the latest survey from CivicScience.

Where it stands: The tariffs remain a massive tax on American businesses and individuals at a time when Congress and the Federal Reserve are expending trillions of dollars to offset the negative economic shock of the virus.

  • Trump said in an interview Sunday that he was considering adding further duties, which he called the “ultimate punishment,” and threatened to walk away from the "phase one" trade deal with China.

Reality check: The tariffs have wiped out the lion's share of average American households' savings from the 2017 tax cut, as Bloomberg noted in June.

  • And the president’s tariffs rank "as one of the biggest tax increases in decades," CNBC reported in May, citing data from the Treasury Department.

Go deeper: Businesses say China tariffs contributing to hand sanitizer shortages

Go deeper

Family-commissioned autopsy says George Floyd's death was homicide

Police watch as demonstrators block a roadway while protesting the death of George Floyd in Miami. Photo: Joe Raedle/Getty Images

Preliminary results from an independent autopsy commissioned by George Floyd's family found that his death in the custody of Minneapolis police officer Derek Chauvin was "homicide caused by asphyxia due to neck and back compression that led to a lack of blood flow to the brain," according to a statement from the family's attorney.

Why it matters: The autopsy contradicts preliminary findings from the Hennepin County medical examiner, who found “no physical findings that support a diagnosis of traumatic asphyxiation or strangulation,” according to charging documents against Chauvin. The official examination is still ongoing.

Updated 58 mins ago - Politics & Policy

Trump lashes out at governors, calls for National Guard to "dominate" streets

President Trump berated the nation’s governors in a video teleconference call Monday, calling many of them "weak" and demanding tougher crackdowns on the protests that erupted throughout the country following the killing of George Floyd, according to audio of the call.

The latest: White House press secretary Kayleigh McEnany said at a briefing Monday that Trump's call for law enforcement to "dominate" protesters referred to "dominating the streets" with a robust National Guard presence in order to maintain the peace.

2 hours ago - World

Kremlin says Trump discussed inviting Russia to G7 in call with Putin

President Trump and Russian President Vladimir Putin at their bilateral meeting at the G20 Osaka Summit 2019, in Osaka, Japan in 2019. Photo: Mikhail Svetlov/Getty Images

President Trump and Russian President Vladimir Putin spoke on Monday about Trump's plans to expand September's G7 meeting in Washington to include Russia, according to the Russian government's readout of the call.

The big picture: The phone call between the two leaders, which the Kremlin says was initiated by Trump, comes amid six consecutive days of mass unrest in the U.S. over police brutality and racial inequality. The White House confirmed the call took place and said a readout was forthcoming.