BIG: Israeli Air Force threatens to dismiss 970 pilots unless they withdraw their signatures from a letter calling for an end to the war in Gaza.

Source: Haaretz

Spain Rejects U.S. Warning, Seeks Deeper Trade Ties with China

Agriculture Minister Luis Planas says Spain aims to expand “excellent” trade relations with China.

Spain rejects U.S. warning that closer ties with Beijing would be “cutting your own throat.”

A Gazan woman who crossed into Egypt for her daughter’s treatment:

We hope you will stop the war.

Egyptian President Sisi:

Tell that to Macron.

Trump says he’s raising tariffs on China to 125% and reducing tariffs on other countries to 10% for 90 days.

Trump:

I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.

Markets are on the rise after Trump's announcement of 90 day tariff pause.

Trade turnover between China and the US could fall by 80%, according to preliminary forecasts, WTO chief says.

What did Trump just do?

— Trump slapped 125% tariff on Chinese goods, effective immediately.

— Announced a 90-day pause and 10% reciprocal tariff for cooperating countries.

— Warned China: “Ripping off the U.S. is no longer acceptable”

— U.S. stocks jumped.

Dividing the global economy into 2 blocs could lead to a long-term reduction in global GDP by almost 7%, warns WTO chief.

U.S. Treasury Secretary Bessent:

Countries who did not retaliate will be rewarded.

U.S. Treasury Secretary Bessent:

I am not calling it a trade war, but China has escalated.

U.S. stocks are soaring after Trump's 90 day tariff pause announcement.

U.S. Treasury Secretary Bessent:

The tariff pause is not because of market reaction.

U.S. Treasury Secretary Bessent:

We are expecting countries to come to us with their best deal. The pause gives us time to make a deal.

More than $3.5 trillion was added to the US stock market after the tariff pause.

Donald Trump’s approval rating among 18-29 year olds has gone from +5 to -29.

U.S. Treasury Secretary Bessent:

The market did not understand Trump's maximum level tariffs.

U.S. Treasury Secretary Bessent:

This was Trump's intention all along.

Turkish Foreign Minister Hakan Fidan:

We have no intention to clash with any country in Syria, including Israel.

Major company stocks after Trump's tariff shenanigans:

Tesla: +13.5%
NVIDIA: +13%
Apple: +11%
Meta: +8.5%
Microsoft: +7.8%
Amazon: +7.5%