China's Vice Premier Liu He and President Trump. Photo: Jim Watson/AFP/Getty Images

President Trump urged China Saturday to "act now" on trade or face a "far worse" deal if he were elected for a second term.

Why it matters: The Trump administration increased tariffs on $200 billion of Chinese goods from 10% to 25% overnight on Friday. U.S. trade representative Robert Lighthizer said in a statement Trump "also ordered us to begin the process of raising tariffs on essentially all remaining imports from China," valued to be about $300 billion. China's Commerce Ministry said Wednesday it would retaliate with "necessary countermeasures" if the U.S. increased tariffs.

The big picture: The administration has accused China of "reneging" on its trade commitments, per Axios' Jonathan Swan. China's Vice Premier Liu He denied Beijing had "backtracked" on agreements, saying the 2 countries just had "disagreements over how to write some of the text," the Financial Times reported Saturday, citing Chinese media.

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Facebook boycott organizers share details on their Zuckerberg meeting

Facebook is in the midst of the largest ad boycott in its history, with nearly 1,000 brands having stopped paid advertising in July because they feel Facebook hasn't done enough to remove hate speech from its namesake app and Instagram.

Axios Re:Cap spoke with the boycott's four main organizers, who met on Tuesday with CEO Mark Zuckerberg and other top Facebook executives, to learn why they organized the boycott, what they took from the meeting, and what comes next.

Boycott organizers slam Facebook following tense virtual meeting

Illustration: Sarah Grillo/Axios

Civil rights leaders blasted Facebook's top executives shortly after speaking with them on Tuesday, saying that the tech giant's leaders "failed to meet the moment" and were "more interested in having a dialogue than producing outcomes."

Why it matters: The likely fallout from the meeting is that the growing boycott of Facebook's advertising platform, which has reached nearly 1000 companies in less than a month, will extend longer than previously anticipated, deepening Facebook's public relations nightmare.

Steve Scalise PAC invites donors to fundraiser at Disney World

Photo: Kevin Lamarque-Pool/Getty Images

House Minority Whip Steve Scalise’s PAC is inviting lobbyists to attend a four-day “Summer Meeting” at Disney World's Polynesian Village in Florida, all but daring donors to swallow their concern about coronavirus and contribute $10,000 to his leadership PAC.

Why it matters: Scalise appears to be the first House lawmakers to host an in-person destination fundraiser since the severity of pandemic became clear. The invite for the “Summer Meeting” for the Scalise Leadership Fund, obtained by Axios, makes no mention of COVID-19.