AXIOS (Courtenay Brown) - Trump's next trade weapon
Trump is reaching for a more drastic trade war weapon, with new threats to shut foreign goods out of the U.S. altogether. Why it matters: It would mark a significant evolution of the administration's trade agenda, with potentially bigger economic fallout than the tariffs that have defined it so far. - Trump may also have firmer legal footing for some import bans than emergency tariffs. Federal trade laws explicitly give presidents the power to prohibit imports under certain conditions, even where courts have rejected their authority to impose tariffs. - Businesses can absorb the cost of a tariff, pass it on to customers, or some combination of both. But losing access to a key part or product altogether can result in shortages, stalled…