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President Trump at a meeting in the White House. Photo: Oliver Contreras-Pool/Getty Images

The White House is considering bumping up tariffs on $200 billion in Chinese goods from 10% to 25%, reports the Wall Street Journal.

Why it matters: This latest threat comes as Treasury Secretary Steven Mnuchin and Chinese President Xi Jinping's economic adviser are reportedly restarting talks to reach a trade deal. On Monday, President Trump described the initial 10% as weak and had officials increase it to 25%. The Chinese government responded to the threats early Wednesday saying it would retaliate if the president decides to impose the hike.

Go deeper

The rebellion against Silicon Valley (the place)

Photo illustration: Sarah Grillo/Axios. Smith Collection/Gado via Getty Images

Silicon Valley may be a "state of mind," but it's also very much a real enclave in Northern California. Now, a growing faction of the tech industry is boycotting it.

Why it matters: The Bay Area is facing for the first time the prospect of losing its crown as the top destination for tech workers and startups — which could have an economic impact on the region and force it to reckon with its local issues.

Erica Pandey, author of @Work
1 hour ago - Economy & Business

Telework's tax mess

Illustration: Annelise Capossela/Axios

As teleworkers flit from city to city, they're creating a huge tax mess.

Why it matters: Our tax laws aren't built for telecommuting, and this new way of working could have dire implications for city and state budgets.

Wanted: New media bosses, everywhere

Illustration: Sarah Grillo/Axios

The Washington Post, Los Angeles Times, Reuters, HuffPost and Wired are all looking for new editors. Soon, The New York Times will be too.

Why it matters: The new hires will reflect a new generation — one that's addicted to technology, demands accountability and expects diversity to be a priority.

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