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U.N. Command honor guards hold flags during a repatriation ceremony for the remains of an unidentified Korean War soldier at a U.S. Army base in Seoul. Photo: Jung Yeon-je /AFP/Getty Images

The Trump administration plans to demand that any country hosting U.S. troops on its soil cover their cost — along with an at least 50% premium for "the privilege of hosting them" — according to a Bloomberg report.

Why it matters: Bloomberg reports that President Trump wants to use this "Cost Plus 50" formula as a tool for increased defense revenue, but it could cause close allies like South Korea and Germany to spend up to as much as 5 or 6 times more to host American troops. Last month, South Korea agreed to pay the U.S. almost $1 billion to station U.S. troops — a sharp increase from the previous $800 million agreement.

Go deeper: America's resurgent hegemony

Go deeper

Updated 50 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Ipsos poll: COVID trick-or-treat.
  2. World: Greece tightens coronavirus restrictions as Europe cases spike.
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: Fully at-home rapid COVID test to move forward.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."

Trump's legacy is shaped by his narrow interests

Illustration: Annelise Capossela/Axios

President Trump's policy legacy is as much defined by what he's ignored as by what he's involved himself in.

The big picture: Over the past four years, Trump has interested himself in only a slim slice of the government he leads. Outside of trade, immigration, a personal war against the "Deep State" and the hot foreign policy issue of the moment, Trump has left many of his Cabinet secretaries to work without interruption, let alone direction.

Bryan Walsh, author of Future
4 hours ago - Technology

AI and automation are creating a hybrid workforce

Illustration: Annelise Capossela/Axios

AI and automation are receiving a boost during the coronavirus pandemic that in the short term is creating a new hybrid workforce rather than destroying jobs outright.

The big picture: While the forces of automation and AI will eliminate some jobs and create some new ones, the vast majority will remain but be dramatically changed. The challenge for employers will be ensuring workforces are ready for the effects of technology.