🎁 Axios PM: Trump's Christmas gift

Plus: Rise of divorce coaches | Tuesday, July 08, 2025

View in browser   PRESENTED BY GOLDMAN SACHS   Axios PM By Mike Allen · Jul 08, 2025 Good Tuesday afternoon. Today's newsletter, edited by Sam Baker, is 491 words, a 2-min. read. Thanks to Sheryl Miller for copy editing.     1 big thing: Trump's early Christmas present   Photo Illustration: Allie Carl/Axios. Photo: NurPhoto via Getty Images   Christmas shoppers got a gift of sorts from the White House this week when President Trump again paused new tariffs, Axios' Emily Peck writes. The shift should give retailers more time to stockpile goods ahead of the holiday season, potentially pushing some tariff-related price increases to next year. 🗓️ Where it stands: If higher rates do go into effect Aug. 1 — the White House's new deadline — it's likely that consumers won't feel a difference until the new year, Paul Donovan, chief economist at UBS Wealth Management, wrote in a note. 🚢 How it works: Goods en route to the U.S. as late as Aug. 1 should be exempt from additional tariffs, Donovan said. Because it can take as many as six weeks to move ships across the Pacific, some items could arrive as late as mid-September and still be tariffed at the lower rate. Retailers stockpile ahead of the Christmas season — and have been doing so earlier than usual this year to avoid higher tariffs. Go deeper.     2. 💻 Teens' hacking powerhouse   Illustration: Aïda Amer/Axios   A loose collective of hackers — mostly made up of teenagers and young men from online gaming communities — is wreaking havoc on corporate America, Axios cybersecurity expert Sam Sabin writes. The group, known as Scattered Spider, has disrupted operations over the past month at major retailers, grocery chains, insurance providers and airlines across the U.S., U.K. and Canada — and maybe Australia. 🕷️ Breaking it down: The group operates like a business, with a leadership structure, junior associates and temporary roles. It first made headlines two years ago with high-profile attacks on Las Vegas casinos. Despite Scattered Spider's Western presence, law enforcement faces obstacles in tracking them down, in part because many members are minors. Go deeper.     A MESSAGE FROM GOLDMAN SACHS Women's labor force participation is boosting India's economy     Only 31% of working-age women in India are in the labor force, compared to 54% in other major economies. The impact: India has an opportunity to boost its labor force participation as more women join the job market. Read analysis on India's economy from Goldman Sachs Research.     3. Catch me up   President Trump presides over a Cabinet meeting today. Photo: Andrew Caballero-Reynolds/AFP via Getty Images 🏛️ President Trump today revived the idea of taking over Washington, D.C. "We could run D.C.," Trump told reporters at a Cabinet meeting. "The crime would be down to a minimal, it'd be much less." Go deeper. ⚖️ 10 people have been arrested in what prosecutors described as a "planned ambush" of an immigration facility in Texas. Go deeper. 💊 Pfizer chief corporate affairs officer Sally Susman is departing the company after roughly two decades. She is credited as one of the early architects of the modern corporate affairs function. Go deeper.     4. 💔 Hot job: Divorce coach   Illustration: Sarah Grillo/Axios   Divorce coaches are becoming more popular in Washington, Axios D.C.'s Mimi Montgomery reports. It's a young profession that's picking up steam as more people look for personalized help during what can be an expensive and drawn-out process. 🤝 How it works: Divorce coaches are something of a doula for the breakup world. They help clients prepare a legal team, gather paperwork and documentation, communicate with their spouse and attorneys, and co-parent through separation. Yes, but: They're not therapists and they're not lawyers. Go deeper.     A MESSAGE FROM GOLDMAN SACHS The sharpest analysis on the week's market activity in 10 minutes or less     Weekly breakdowns on what matters most in the global economy on The Markets podcast from Goldman Sachs. Hear the sharpest analysis on what's happening in the markets this week, and a glimpse into the week ahead. Listen to The Markets podcast from Goldman Sachs.   📬 Thanks for reading! Please invite your friends to join PM. Are you a fan of this email format? Your essential communications — to staff, clients and other stakeholders — can have the same style. Axios HQ, a powerful platform, will help you do it.   Axios thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Advertise with us. Axios, PO Box 101060, Arlington VA 22201   You received this email because you signed up for newsletters from Axios. To stop receiving this newsletter, unsubscribe or manage your email preferences.   Was this email forwarded to you? Sign up now to get Axios in your inbox.   Follow Axios on social media: