The warning signs are flashing for Prime Minister Benjamin Netanyahu as the Knesset prepares to vote later today on whether to dissolve his government. The crisis was triggered when a pair of ultra-Orthodox parties in Bibi’s coalition signaled last week they would ditch the coalition over plans to end certain military exemptions. For more on what the collapse of Netanyahu’s government could mean, see here.
The United States and China reportedly agreed to a trade truce Wednesday, with US President Donald Trump saying Chinese imports will now face a 55% tariff while Beijing keeps a 10% levy on US products. Importantly, China has restarted its exports of high-tech magnets and rare earth minerals, and the White House reaffirmed Chinese students’ access to US colleges. Still, details of any larger deal covering broader issues of market access and technological competition are far from being ironed out.
Elon Musk appears to be tapping out in his highly-public feud with US President Donald Trump, posting on X (early) this morning that he “regrets” the insults he’s hurled at the president.We’ll be watching to see if the detente holds between these two famously volatile figures. With midterms on the horizon, it matters: Musk’s financial firepower is significant, as we saw here.
For more:Ian Bremmersat down with Semafor Co-Founder and Editor-in-Chief Ben Smith to discuss the Musk-Trump beef and what it tells us about political power in America today.
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What is President Trump trying to achieve in Iran, and how does his strategy compare to past US interventions in the Middle East?
The US has paused Russian oil sanctions in a bid to stabilize energy markets rocked by the war with Iran. Administration officials stress that it’s a “tailored” measure, applying only to oil already loaded onto tankers, but it’s still a gift to Russia, which has already been clocking an extra $150 million daily in oil revenues since the war began.
4: The number of crew members aboard a US refuelling plane – out of six total – who died after the aircraft crashed in neighboring Iraq on Thursday, US Central Command said this morning.