“President Trump ushered in new tariffs on imported furniture, kitchen cabinets and lumber on Tuesday, adding a fresh round of levies as he once again threatened to expand his trade war with China,” the New York Times reports.

“Tariffs ranging from 10 to 50 percent on foreign wood products and furniture snapped into effect just after midnight. The tariffs are meant to encourage more domestic logging and furniture manufacturing. But critics say that the levies will raise prices for American consumers and could slow industries including home building that rely on materials from abroad.”

“President Trump wants to quickly pivot from a Gaza cease-fire to the thornier problem of a broader peace in the Middle East, betting that two years of war transformed the region so much that decades-old animosities can be set aside,” the Wall Street Journal reports.

“It is a gamble that—much like the unorthodox diplomacy Trump used to secure the release of the hostages held by Hamas—flouts traditional thinking about the intractable problems at the heart of the region’s problems, and it risks inflaming tensions between Israel, Palestinians and the broader Muslim world.”

“President Trump is trying to publicly de-escalate tensions with China to soothe markets while privately keeping up pressure on Beijing—a difficult balancing act that is being closely watched by Wall Street,” the Wall Street Journal reports.

“After threatening additional 100% tariffs on Chinese imports starting Nov. 1, Trump in recent days spoke with senior officials, including Treasury Secretary Scott Bessent, about sending a message to the world that the U.S. wants to de-escalate trade tensions with China.”

New York Times: Trump’s two minds on China sow a chaotic few days.

“President Trump scored a major foreign-policy win in Gaza by brokering the release of hostages from captivity and securing an end to the fighting between Israel and Hamas,” the Wall Street Journal reports.

“Now Europeans are hoping Trump can repeat the success with another knotty foreign-policy problem.”

“Trump will host Ukrainian President Volodymyr Zelensky at the White House on Friday, according to officials familiar with the plans, on the heels of his diplomatic victory tour in the Middle East. At his stops in Israel and Egypt, Trump referenced the continuing war between Russia and Ukraine, underscoring how, as he touted his achievements on one major conflict, he has still set his sights on resolving another.”

During a photo op in Egypt, President Trump pointed at a United Arab Emirates official and said: “A lot of cash. Unlimited cash.”

“This took 3,000 years to get to this point. Can you believe it? And it’s gonna hold up, too. It’s going to hold up.”

— President Trump, while signing a peace agreement between Israel and Hamas.