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.
Conservative businessman Nasry Asfura has taken office as president of Honduras after winning a razor-thin election that his opponent still disputes.
For China, hitting its annual growth target is as much a political victory as an economic one. It is proof that Beijing can weather slowing global demand, a slumping housing sector, and mounting pressure from Washington.
FILE PHOTO: European Commissioner for Trade Maros Sefcovic and India's Trade Minister Piyush Goyal pose after signing an agreement, as European Commission President Ursula von der Leyen, Indian Prime Minister Narendra Modi and European Council President Antonio Costa stand behind them, at the Hyderabad House in New Delhi, India, January 27, 2026.
After nearly 20 years of negotiations, the European Union and India struck a trade deal that will slash or remove tariffs from nearly 97% of all EU exports to India, and grant preferential entry to the European market for 99% of Indian products.