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Andrew Harnik/AP

President Trump will sign an executive order requiring a sweeping review of all U.S. trade deals, Politico reports.

It's all about NAFTA and the WTO: Most of America's 14 free-trade deals are with nations, like Isreal, that don't crack the top ten U.S. trade partners. Substantive changes to trade policy would have to come through the renegotiation of NAFTA — roughly 30% of U.S. trade is done with Canada or Mexico — and a fundamental rethink of the General Agreement on Tariffs and Trade (GATT), a series of multilateral treaties that culminated in the launch of the World Trade Organization in 1994.

Deficits nations, unite!: It's difficult to see what incentives WTO nations would have for changing this framework, unless the Administration is able to form a coalition of trade-deficit nations, like the U.K., Australia, and (ironically) Mexico to fight trade imbalance collectively.

Go deeper

Updated 45 mins ago - Health

Texas to end all coronavirus restrictions

Texas Gov. Greg Abbott speaking at the White House in December 2020. Photo: Al Drago/Bloomberg via Getty Images

Texas will end its coronavirus restrictions next week with an upcoming executive order, Gov. Greg Abbot (R) announced Tuesday during a press conference in Lubbock.

Why it matters: After Abbott signs the new order, which rescinds previous orders, all businesses can open to 100% capacity and the statewide mask mandate will be over, though large parts of the state will remain under mask local ordinances.

Senate confirms Rhode Island Gov. Gina Raimondo as commerce secretary

Rhode Island Gov. Gina Raimondo (D). Photo: David L. Ryan/The Boston Globe via Getty Images

The Senate voted 84-15 on Tuesday to confirm Rhode Island Gov. Gina Raimondo to lead the Commerce Department.

Why it matters: The agency promotes U.S. industry, oversees the Census Bureau, plays a key role in the government's study of climate change through the National Oceanic and Atmospheric Administration, and evaluates emerging technology through the National Institute of Standards and Technology.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Health: CDC director warns "now is not the time" to lift COVID restrictions — Exclusive: Teenagers' mental health claims doubled last spring.
  2. Axios-Ipsos poll: Americans' hopes rise after a year of COVID
  3. Vaccine: J&J CEO "absolutely" confident in vaccine distribution goals — Vaccine hesitancy is shrinking.
  4. World: China and Russia vaccinate the world, for now.
  5. Energy: Global carbon emissions rebound to pre-COVID levels.
  6. Local: Florida gets more good vaccine newsMinnesota's hunger problem grows amid pandemic — Denver's fitness industry eyes a pandemic recovery.

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