What We’re Watching: Trump-Xi phone call, Netanyahu’s coalition cracks apart, & More

US President Donald Trump meets with China's President Xi Jinping in Osaka, Japan, on June 29, 2019.
US President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, on June 29, 2019.
REUTERS/Kevin Lamarque

Trump speaks with Xi

US President Donald Trump and his Chinese counterpart Xi Jinping spoke Thursday for the first time since the former returned to office, as a recent pause in their trade war looked set to fall apart. Both sides recently stepped back from mutual triple-digit tariffs, but Beijing has drawn fire from Trump for restricting the export of rare earths minerals used by the US auto and tech industries. No breakthroughs were announced but Trump described the call as “very positive” and said a summit is in the works.

Netanyahu’s coalition set for divorce

In what could spell the end for Israeli Prime Minister Benjamin Netanyahu’s government, two ultra-Orthodox parties that form part of the governing coalition are reportedly set to back the Knesset’s dissolution, in protest against a potential new law that would fine religious university students who skip military service. The dissolution vote will take place on June 11. If United Torah Judaism and Shas, the two dissenting parties, join the opposition in voting to dissolve the government, there will be elections again in Israel.

US institutes new travel ban

Trump on Wednesday barred foreign nationals from 12 countries from entering the United States – including Afghanistan and Haiti – and placed partial restrictions on seven others. The ban is set to take effect on Monday 12:01 EST. The US president linked the new restrictions to Sunday’s terror attack in Colorado against a group of people who were marching in solidarity for the Israeli hostages in Gaza. Trump implemented a similar travel ban during his first term, one that the Supreme Court upheld in 2018.

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US President Donald Trump receives a nomination letter after Israeli Prime Minister Benjamin Netanyahu told him he nominated him for the Nobel Peace Prize, during a bilateral dinner at the White House in Washington, D.C., USA, on July 7, 2025.
REUTERS/Kevin Lamarque

The past few days have brought an unusually firm trickle of criticism of Israel from the Trump administration and its allies. Cracks are also emerging within the GOP on its support for the Jewish state.

A financial data monitor in Tokyo shows the 225-issue Nikkei Stock Average soaring more than 1,000 points to recover to the 40,000 level during morning trading on July 23, 2025, after U.S. President Donald Trump said he had struck a trade deal with Japan.
Kyodo via Reuters

Donald Trump announced a trade deal with Japan on Tuesday, easing fears of escalating tensions with a key US ally (and the world’s fourth largest economy to boot)

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