“President Donald Trump said the US will put a 35% tariff on some imports from Canada after trade negotiations between the two countries broke down,” Bloomberg reports.

“The new rate represents an increase from the 25% tariffs Trump imposed in early March under an emergency law.”

“But the US administration kept in place an exemption for goods traded under the rules of the US-Mexico-Canada trade agreement. US automakers and other companies with integrated North American supply chains had pushed for that carve-out, which has allowed US importers to continue bringing in the bulk of Mexican and Canadian products without duties.”

“The Trump administration is chastising Western allies who are preparing to recognize Palestinian statehood in response to the heightening humanitarian crisis in the region, cranking up criticism after President Donald Trump initially brushed off the push,” Politico reports.

“Federal appeals court judges on Thursday sharply questioned President Donald Trump’s authority to impose sweeping tariffs on foreign trading partners under an unprecedented use of emergency powers,” Politico reports.

“Several judges of the Washington, D.C.-based Federal Circuit Court of Appeals repeatedly wondered how Trump could justify the broad tariffs using a 1977 law known as the International Emergency Economic Powers Act, or IEEPA, that presidents have used to set economic sanctions and other penalties on foreign countries — but never previously tariffs.”

Playbook: “There are just hours to go before President Donald Trump’s deadline for scores of countries to strike trade deals with the U.S. or face steep tariffs. The president has managed to bend many trading partners to his will with lopsided (if vaguely sketched) agreements — and largely sidestepped, so far, the negative economic fallout that experts had predicted.”

“But as the clock ticks down, Trump’s protectionist agenda is also facing some fresh headwinds.”

The Atlantic: “Trump, two administration officials told us, has come to believe what many in Washington have thought for months: that Netanyahu is looking to prolong the conflict in Gaza, in open defiance of Trump’s wish for the war to end. The president and some of his aides think that Israel’s military objectives in Gaza were achieved long ago, and that Netanyahu has continued Israel’s assault, which has claimed tens of thousands of civilian lives, to maintain his own political power. The White House also believes that Netanyahu is taking steps that interfere with a potential cease-fire deal.”

“But the two officials said they did not anticipate that Trump would hold Netanyahu accountable in any meaningful sense.”