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In his interview with Axios, the president-elect walked back comments from an earlier chat with the Wall Street Journal in which he said he thought a tax reform strategy called "border adjustment" was "too complicated."

Trump said that the Journal's piece "didn't totally reflect [his views] accurately." He told Axios the idea is "certainly something that is going to be discussed" in negotiations with Congressional Republicans over their forthcoming corporate tax reform plan.

What is border adjustment? A tax policy that penalizes companies that import products from abroad and benefits ones that keep production in the United States. The change will be fought tooth and nail by retailers and other firms with large import expenses, but it will raise significant revenue, allow a big headline corporate tax cut, and adjust the tax code to support U.S. employment.

Why the change of tune? Paul Ryan publicly defended border adjustment through a spokesperson on Tuesday — evidence that this is an issue that Republicans on the Hill will go to bat for. The reason is simple arithmetic. Border adjustment is estimated to raise roughly $1 trillion in new revenue, helping to pay for the bulk of the House reform plan, and it also can be sold as worker and export friendly — two must-haves for Trump's base.

Go deeper

Updated 18 mins ago - World

Myanmar military fires UN ambassador after anti-coup speech

Photo: Peerapon Boonyakiat/SOPA Images/LightRocket via Getty Images

Myanmar's military regime on Saturday fired the country's ambassador to the United Nations, Kyaw Moe Tun, a day after he gave a pro-democracy speech asking UN member nations to publicly condemn the Feb. 1 coup, The New York Times reports.

The latest: Kyaw Moe Tun told Reuters later on Saturday, "I decided to fight back as long as I can."

1 hour ago - Axios on HBO

Preview: "Axios on HBO" interviews White House Senior Advisor Cedric Richmond

On the next episode of "Axios on HBO," Axios co-founder Mike Allen interviews White House Senior Advisor Cedric Richmond.

  • Catch the full interview and much more on Sunday, February 28 at 6 pm. ET/PT on all HBO platforms.
2 hours ago - World

Italy tightens COVID restrictions as experts warn of growing prevalence of variants

Health workers prepare vaccine doses in Iseo, Italy. Photo: Stefano Nicoli/NurPhoto via Getty Images

Italy on Saturday announced it was tightening restrictions in five of the country's 20 regions in an effort curb the spread of the coronavirus.

Driving the news: The announcement comes as health experts and scientists warn of the more transmissible coronavirus variants, per Reuters.