Workers unloading bags of chemicals at a port in Zhangjiagang in China's eastern Jiangsu province. Photo: Johannes Eisele/AFP/Getty Images

China's Ministry of Commerce has promised it will take "necessary countermeasures" if the Trump administration goes ahead with its latest round of tariffs, which would slap 25% duties on $200 billion of Chinese goods as soon as Friday, reports Reuters.

The big picture: The public comment period, which expires at 12:00 a.m. Friday, has seen hundreds of businesses and organizations speak out against the effects these tariffs would have on Americans, as they impact a greater cross-section of consumer goods than the $50 billion of China tariffs already in place. The tariffs could threaten 11 million U.S. jobs — most of which are concentrated in rural, deep-red parts of the country.

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U.S. vs. Google — the siege begins

Illustration: Sarah Grillo/Axios

The Justice Department fired the starter pistol on what's likely to be a years-long legal siege of Big Tech by the U.S. government when it filed a major antitrust suit Tuesday against Google.

The big picture: Once a generation, it seems, federal regulators decide to take on a dominant tech company. Two decades ago, Microsoft was the target; two decades before that, IBM.

Dion Rabouin, author of Markets
36 mins ago - Economy & Business

Why the stimulus delay isn't a crisis (yet)

Illustration: Aïda Amer/Axios

If the impasse between House Speaker Nancy Pelosi and the White House on a new stimulus deal is supposed to be a crisis, you wouldn't know it from the stock market, where prices continue to rise.

  • That's been in no small part because U.S. economic data has held up remarkably well in recent months thanks to the $2 trillion CARES Act and Americans' unusual ability to save during the crisis.
46 mins ago - World

Israel's secret embassy in Bahrain

Illustration: Annelise Capossela/Axios

This story is from Barak Ravid's new weekly newsletter, Axios from Tel Aviv, which launches today. Sign up here.

Israel has been conducting undercover diplomacy in Bahrain for more than a decade through a front company listed as a commercial consulting firm.

Why it matters: The existence of the covert diplomatic mission in the Bahraini capital Manama shows the depth of a secret relationship that came out into the open with a White House ceremony last month.