Trucks transport containers at Dachan Bay Terminals in Shenzhen, Guangdong Province of China. Photo: VCG

The Trump administration is considering increasing tariffs on $200 billion in Chinese products from 10% to 25% as it seeks to force Beijing to negotiate better trade deals, reports Bloomberg.

The details: The Trump administration imposed tariffs on $34 billion worth of Chinese goods earlier this month, escalating a global trade war that has pitted the country against its trading partners. The move was met by retaliatory tariffs from China, aiming at states that voted for President Trump in the 2016 election. Three sources with knowledge of the plan to increase tariffs told Bloomberg it could be made public in the Federal Register coming days. However, it hasn't been finalized and may not solicit public review.

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Kendall Baker, author of Sports
20 mins ago - Sports

Less travel is causing the NBA to see better basketball

Illustration: Aïda Amer/Axios

In addition to keeping out the coronavirus, the NBA bubble has also delivered a stellar on-court product, with crisp, entertaining play night in and night out.

Why it matters: General managers, athletic trainers and league officials believe the lack of travel is a driving force behind the high quality of play — an observation that could lead to scheduling changes for next season and beyond.

Senate Republicans release report on Biden-Ukraine investigation with rehashed information

Sen. Ron Johnson (R-Wis.). Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Senate Republicans, led by Sens. Ron Johnson (R-Wis.) and Chuck Grassley (R-Iowa), on Wednesday released an interim report on their probe into Joe Biden and his son's dealings in Ukraine.

Why it matters: The report's rushed release ahead of the presidential election is certainly timed to damage Biden, amplifying bipartisan concern that the investigation was meant to target the former vice president's electoral chances.

Erica Pandey, author of @Work
1 hour ago - Economy & Business

The high-wage jobs aren't coming back

Reproduced from Indeed; Chart: Axios Visuals

The pandemic has caught up with high-wage jobs.

The big picture: Early on, the pandemic walloped hiring across the wage spectrum and in every sector. Now, states have opened up, and the lower-wage retail and restaurant jobs have slowly come back — but higher-paying jobs are lagging behind.

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