Why it matters: The announcement sent financial markets tumbling in anticipation of a potential trade war between the U.S. and its top trading partners.
President Trump's decision to cancel a major oil deal with Venezuela came amid pressure from Miami's three GOP House members who oppose enriching Nicolás Maduro's dictatorship, four sources tell Axios.
Why it matters: To get their way, the three House members suggested — but never explicitly threatened — that they would withhold votes Trump needed for the GOP budget deal that the House narrowly passed last week.
Taiwan Semiconductor Manufacturing Co. will invest an additional $100 billionin U.S. chips production, the company and President Trump announced Monday, adding to its existing$65 billion commitment in Arizona.
Why it matters: TSMC, the world's leading chips manufacturer, wants to diversify its semiconductor manufacturing footprint outside of the political volatility in Taiwan amid tensions with China.
Editor's note: Read the latest on Trump's decision to pause all U.S. military aid to Ukraine here.
President Trump will hold a meeting Monday afternoon on the next steps regarding the crisis with Ukraine, including a possible suspension of U.S. military aid, a U.S. official and a source with knowledge of the meeting told Axios.
Why it matters: Trump and his allies have been piling pressure on Ukrainian President Volodymyr Zelensky after their disastrous Oval Office meeting last week. Suspending military aid would damage Ukraine's ability to defend itself against Russia's invasion and further weaken Ukraine's leverage as Trump pushes for peace talks.
A U.S. Agency for International Development (USAID) official wrote in a series of memos that the Trump administration's upheaval of U.S. foreign aid will trigger devastating human costs.
The big picture: With lifesaving services blocked, Nicholas Enrich — USAID's acting assistant administrator for global health — warned, "preventable death, destabilization, and threats to national security on a massive scale" will follow.
President Trump's Defense Secretary Pete Hegseth has ordered U.S. Cyber Command to suspend offensive cyber and information operations against Russia, according to multiplereports.
The number of immigrants removed from the U.S. was down during President Trump's first days in office compared to the daily average in the final weeks of Joe Biden's term, according to early numbers reviewed by Axios.
Why it matters: The data offer a mixed view of how Trump's plans to deport "millions" of unauthorized immigrants and dramatically beef up border security are playing out so far.
Moscow is welcoming the apparent shift in U.S. relations with Ukraine following last week's tense Oval Office meeting between Ukrainian President Volodymyr Zelensky, President Trump and Vice President Vance.
The big picture: Kremlin officials commended the U.S. on Sunday, with spokesperson Dmitry Peskov saying the United States' "rapidly changing" foreign policy configurations "largely coincides with our vision."
Democratic senators who crossed the aisle to back their former colleague Marco Rubio for Secretary of State now say they regret it.
The big picture: Rubio easily swept through the Senate with bipartisan backing. But as the early days of Trump 2.0 bring historic shifts in American foreign policy, some Democrats now see the former Florida senator in a different light.
House Speaker Mike Johnson (R-La.) and others in the GOP chided Ukrainian President Volodymyr Zelensky on Sunday following a heated Oval Office meeting with President Trump and Vice President Vance on Friday.
The big picture: The tense exchange between the three leaders has further soured an already strained relationship between the U.S. and Ukraine and led to at least one GOP member — South Carolina's Lindsey Graham — to suggest Zelensky leave office.
Israel announced on Sunday it is halting all humanitarian aid and fuel deliveries to Gaza and closing the border crossings between Israel and the enclave.
Why it matters: Israel took the step a day after the ceasefire agreement with Hamas ended.
Israel has agreed to a new U.S. proposal to extend the first phase of the ceasefire in Gaza in exchange for the release of about half of the remaining hostages — both living and dead — but Hamas has so far refused to accept it, the Prime Minister's Office claimed in a statement. Hamas has in recent days said the original agreement needs to be implemented.
Why it matters: The Israeli statement was released just after the first phase of the hostage-release and ceasefire in Gaza deal ended on Saturday.
