This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the motivations and impacts of new tariffs plus the cultural forces behind China’s economic policy. Also: Congress is trying to figure out what to do with AI, and Melinda French Gates is getting her groove back. In the Plus segment: Rates for new mortgages suck right now, but what if you could buy out someone existing one?

Also: Do you have a donor-advised fund? Do you pay fees on it? Felix invites you to weigh in on his Axios poll for DAF holdersl

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Podcast production by Jared Downing and Cheyna Roth.

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