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Data: Deutsche Bank; Chart: Axios Visuals

Trump has complained about the "unfair" trade duties imposed by other countries on the U.S., but with the tariffs added Friday morning the U.S. has higher tariff rates than almost every country in the world, according to calculations by Deutsche Bank chief economist Torsten Slok.

How it works: Typically, mature economies like the U.S., Japan and the eurozone impose fewer tariff barriers because their industries are more advanced. The World Trade Organization recognizes tariffs as primarily a tool used by smaller countries to protect nascent industries and allow them to grow without competition from outside companies in rich countries.

Go deeper: Trump is wrong on how China tariffs work

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U.S. daily coronavirus cases top 50,000 for first time

Medical staff change a patient's bed sheets in the Covid-19 intensive care unit at the United Memorial Medical Center in Houston, Texas, on Tuesday. Photo: Go Nakamura/Getty Images

A record 50,655 tested positive for the novel coronavirus in the United States on Wednesday, Johns Hopkins data shows.

Of note: State governors across the country have been pausing or adjusting reopening plans in response to surging coronavirus cases across the U.S. in recent days.

Editor's note: This is a developing news story. Please check back for updates.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of midnight ET: 10,667,217 — Total deaths: 515,646 — Total recoveries — 5,464,367Map.
  2. U.S.: Total confirmed cases as of midnight ET: 2,685,806 — Total deaths: 128,061 — Total recoveries: 729,994 — Total tested: 32,827,359Map.
  3. Federal government: Trump says he still thinks coronavirus will "just disappear" at some point, supports another round of direct payments to Americans.
  4. Public health: Thanks to coronavirus, your home is now your gymFormer FDA chief says 500,000 Americans may be contracting coronavirus a day.
  5. States: Georgia and Arizona report record new coronavirus cases — California shuts down bars and indoor dining for most residents.
  6. 1 ⚽️ thing: 6 players test positive for coronavirus before MLS comeback tournament.
Updated 2 hours ago - Politics & Policy

Biden outraises Trump again with record $141 million June haul

Democratic presidential candidate and former Vice President Joe Biden at Philadelphia City Hall in Pennsylvania in June. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden and the Democratic Party raised $141 million in June, his campaign announced on Wednesday night.

Why it matters: It's the most the presumptive Democratic presidential nominee has raised in a month. It's also more than the record $131 million President Trump's re-election campaign and the Republican National Committee raised last month.