Live updates and the latest news as Trump bans travel to the U.S. from 12 countries and launches a probe into Joe Biden's use of the autopen.

On Wednesday, a US auto parts group, MEMA, the Vehicle Suppliers Association, has urged immediate action over China's tighter controls on rare earth exports, warning the move could soon disrupt car production.

The European Central Bank cut its benchmark interest rate for an eighth time, aiming to support businesses and consumers with more affordable borrowing as U.S. President Donald Trump’s trade war threatens to slow already tepid growth.

Why are we aspiring to be the nation of the lowest cost and lowest paid workforce in the world? That makes no sense to me,” Griffin quipped at the 2025 Forbes Iconoclast Summit.

Congress's top budget scorekeeper released two reports Wednesday suggesting that costs coming from President Trump's "big, beautiful bill" could be at least partially offset by tariffs, even as budget hawks offered caution about relying on trade policy for a permanent revenue stream.

Retailers, wholesalers and distributors say shifting U.S. trade policies have led to pervasive uncertainty as they gear up for back-to-school and holiday orders.

Trump issued travel suspensions for Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan, and Venezuela nationals.Start the day smarter. Get all the news you need in your inbox each morning.

Axios Visuals It's hard to overstate how rapidly President Trump has changed the very underpinnings of U.S. trade policy since the start of February. But this chart sums it up. Why it matters: Trump is seeking to reset America's economic relationship with the rest of the world.