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Photo: Chris Kleponis/Getty Images

President Trump floated the idea of subsidy payments for farmers in a meeting today with Republican lawmakers, but nobody voiced support, according to two sources familiar with the meeting.

Why it matters: Senators representing farm states are deeply concerned about Trump’s tariffs and the retaliatory threats from China that are already driving down crop prices. This was the hot topic at this week’s Senate Republican lunch, and Mitch McConnell told concerned senators to “call Trump” and share their worries with him.

What they're saying:

  • Multiple senators echoed the message “our farmers don’t want welfare,” one source briefed on the meeting told me. The source added that Iowa Governor Kim Reynolds got the President’s attention by saying “our farmers don’t want welfare — our farmers want to work and win.”
  • A second source confirmed those exchanges and said the President not only took these responses to heart but seemed enthusiastic that this was what their farming constituents were telling them. 

Flashback: During White House trade meetings in December and January, Commerce Secretary Wilbur Ross talked about potentially creating a separate trade bank to compensate farmers to “make them whole.”

The Washington Post first reported these details from the meeting.

Go deeper

Exclusive: White House meeting with members of Problem Solvers Caucus

Members of the Problem Solvers Caucus discuss the COVID-19 relief bill in December. Photo: Oliver Contreras/Bloomberg via Getty Images

Top White House officials will meet Wednesday with a bipartisan coalition of House lawmakers as the administration tries to enlist moderates to support the president's infrastructure proposal.

Why it matters: The meeting is something of an olive branch after President Biden's team courted groups of progressives to back the $2.2 trillion package.

2 hours ago - Health

The new vaccine threat is fear itself

Illustration: Sarah Grillo/Axios

The FDA’s decision to pause the use of Johnson & Johnson's coronavirus vaccine has set off a chain reaction of fear — about the safety of the vaccine, and about whether the FDA is overreacting — that's causing unnecessary drama just as the vaccine effort is finally picking up speed.

The big picture: Throughout the pandemic, the public and the media, and sometimes even regulators, have struggled to keep risks in perspective — to acknowledge them without exaggerating them, and to avoid downplaying them because other people will exaggerate them.

Cryptocurrency giant Coinbase heads to Wall Street

Illustration: Annelise Capossela/Axios

Coinbase, the country's largest cryptocurrency exchange, is expected to go public today at what could be a valuation north of $100 billion.

Why it matters: This gives crypto a Wall Street seal of legitimacy, after an early existence marred by ties to illicit goods.