Evan Vucci / AP

Unless something radically changes at the last minute — and the team is still working on the speech — President Trump won't specifically endorse the border adjustment tax in his address tonight.

Sources familiar with the planning say there'll be no dramatic revelation about tax reform. Trump is expected to outline broad principles but leave the door open to supporting or opposing it in the future.

Why this matters: Trump's team is divided on border adjustment. The nationalist wing of the White House — led by Steve Bannon — supports the plan to raise $1 trillion by hiking taxes on imports. Officials closer to corporate America, including top economic advisor Gary Cohn and Treasury Secretary Steve Mnuchin, are said to be deeply skeptical. House Speaker Paul Ryan says the only way major tax reform will get done is if border adjustment is part of it to pay for massive tax cuts.

Update: A source sent us the talking points the White House sent to Capitol Hill to preview the speech. Here's the one that relates to border adjustment:

  • We must have fair trade for our workers – foreign countries can no longer be allowed to tax our exports while shipping goods into our country for free.

If Trump uses language similar to this it's enough to signal openness to the concept without outright endorsing it. It's language that could just as easily apply to outright tariffs.

Go deeper

Trump commutes Roger Stone's sentence

Roger Stone arriving at his sentencing hearing on Feb. 20. Photo: Drew Angerer/Getty Images

President Trump on Friday evening commuted the sentence of his longtime associate Roger Stone, according to two senior administration officials. Stone in February was sentenced to 40 months in prison for crimes including obstruction, witness tampering and making false statements to Congress.

Why it matters: The controversial move brings an abrupt end to the possibility of Stone spending time behind bars. He had been scheduled to report to prison on July 14.

Updated 7 hours ago - Health

Which states have set single-day coronavirus records this week

Data: COVID Tracking Project and state health department data compiled by Axios; Map: Danielle Alberti and Naema Ahmed/Axios

13 states this week surpassed records set just last week for their highest number of coronavirus infections in a single day, according to the COVID Tracking Project and state health department data. 16 states in total reported new highs.

The big picture: The United States' alarming rise in coronavirus cases isn't just due to increased testing — particularly where the number of cases has grown fastest over the last month, Axios' Andrew Witherspoon and Caitlin Owens report.

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 6:30 p.m. ET: 12,389,660 — Total deaths: 557,279 — Total recoveries — 6,830,596Map.
  2. U.S.: Total confirmed cases as of 6:30 p.m. ET: 3,169,611 — Total deaths: 133,885 — Total recoveries: 983,185 — Total tested: 38,856,341Map.
  3. Public health: The reality of the coronavirus bites.
  4. Trade: Trump says he's no longer considering phase-two trade deal with China because the pandemic damaged the two countries' relationship.
  5. 🎧 Podcast: Rural America has its own coronavirus problem.