🌽 When asked by Mike Allen on The Axios Show if the U.S. is “pissing away valuable relationships” with steep tariffs against allies, Commerce Secretary Howard Lutnick says that these have been one-way relationships: “India brags that they have 1.4 billion people. Why won’t their 1.4 billion people buy one bushel of U.S. corn?” 📺 Watch the full episode using the link in our bio. | Axios

💸 President Trump will own the economy’s performance by the end of 2025, Commerce Secretary Howard Lutnick tells Mike Allen on the “The Axios Show”— a much later window than he and other administration officials have previously claimed. WHY IT MATTERS: Economic data has been somewhat weaker in recent months, and now Lutnick is pushing out the window for when Trump fully owns the economy’s performance. | Axios

Tune in to Axios' AI DC Summit featuring top voices from government, tech and business exploring the urgent questions around AI regulation, geopolitics, misinformation and the real world impact of AI. | Axios

💼 Elon Musk got DOGE wrong by focusing on firing people instead of on slashing government waste, Commerce Secretary Howard Lutnick tells Mike Allen in the premiere episode of “The Axios Show.” To the extent DOGE keeps functioning, Lutnick said, its cuts will be aimed at costs, not headcount. WHY IT MATTERS: With Musk no longer in the White House, and his relationship with President Trump in tatters, officials are more willing to criticize the slash-and-burn approach to government that reduced h

U.S. dominance in chips may be the only advantage the country still has over China, and should be protected, Anthropic CEO Dario Amodei said at the Axios AI DC Summit. WHY IT MATTERS: Access to chips has become the hottest friction point between the world’s two largest economies. WHAT THEY’RE SAYING: “It is mortgaging our future as as a country to to sell these chips to China,” Amodei said. | Axios