Israel Less Vulnerable to Tariffs as a Service Economy
Israeli goods exported to the U.S. that will be directly impacted by the new American tariffs include machinery, electronic equipment, optical equipment, and diamonds. But two thirds of Israeli exports to the U.S. are services, which aren't subject to the tariffs, including the country's high tech sector.
'In that sense being a service economy we are somewhat less affected by tariffs on goods and not on services,' said Karnit Flug, a former governor of the Bank of Israel and now a senior fellow at the Jerusalem-based think tank Israel Democracy Institute.
Flug said Netanyahu's meeting with Trump on Monday was important, but that even if successful, Israel's economy would still suffer from the worldwide effects of the tariffs such as a slowdown in trade and demand.
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The Hill
29 minutes ago
- The Hill
US moving B-2 bombers as Trump weighs Iran response: Reports
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CNBC
30 minutes ago
- CNBC
Columbia student Mahmoud Khalil returns home to New York area
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This is why I was protesting, this is why I will continue protesting with every one of you, not only if they threaten me with detention. Even if they would kill me, I would still speak up for Gaza." When asked what his message would be to the Trump administration, Khalil said, "Just the fact that I'm here sends a message." "The fact that all of these attempts to suppress pro-Palestine voices have failed now," he said. "This is the message. My existence is a message." Ocasio-Cortez said Khalil's imprisonment for politically motivated. "Everybody agrees that persecution based on political speech is wrong and is a violation of all of our First Amendment rights, not just Mahmoud's," she said. His unprecedented detention has sparked national outrage. Further fueling the controversy, Abdalla, an American, gave birth to the couple's first son in April while he remained behind bars. 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Los Angeles Times
36 minutes ago
- Los Angeles Times
Mahmoud Khalil, back home after release from prison, vows to continue protesting Israel's war in Gaza
CONCORD, N.H. — A Palestinian activist who was detained for more than three months pushed his infant son's stroller with one hand and pumped his fist in the air with the other as supporters welcomed him home Saturday. Mahmoud Khalil greeted friends and spoke briefly to reporters Saturday at Newark Liberty International Airport in New Jersey a day after a judge ordered his release from a federal immigration facility in Louisiana. The former Columbia University graduate student, a symbol of President Trump's clampdown on campus protests, vowed to continue protesting Israel's war in the Gaza Strip. 'The U.S. government is funding this genocide, and Columbia University is investing in this genocide,' he said. 'This is why I will continue to protest with every one of you. Not only if they threaten me with detention. Even if they would kill me, I would still speak up for Palestine.' Khalil, a legal U.S. resident whose wife gave birth during his 104 days of detention, said he also will speak up for the immigrants he left behind in the detention center. 'Whether you are a citizen, an immigrant, anyone in this land, you're not illegal. That doesn't make you less of a human,' he said. The 30-year-old international affairs student wasn't accused of breaking any laws during the protests at Columbia. However, the Trump administration has said noncitizens who participate in such demonstrations should be expelled from the U.S. for expressing views it deems to be antisemitic or 'pro-Hamas,' referring to the Palestinian militant group that attacked Israel on Oct. 7, 2023. Khalil was released after U.S. District Judge Michael Farbiarz said it would be 'highly, highly unusual' for the government to continue detaining a legal U.S. resident who was unlikely to flee and hadn't been accused of any violence. The government filed notice Friday evening that it is appealing Khalil's release. Joining Khalil at the airport, Rep. Alexandria Ocasio-Cortez (D-N.Y.) said his detention violated the 1st Amendment and was 'an affront to every American.' 'He has been accused, baselessly, of horrific allegations simply because the Trump administration and our overall establishment disagrees with his political speech,' she said. 'The Trump administration knows that they are waging a losing legal battle,' Ocasio-Cortez added. 'They are violating the law, and they know that they are violating the law.' Ramer writes for the Associated Press.
