U.S.-made F-16 fighter jets are on their way to Ukraine and could aid in Kyiv's defense against Russia as soon as this summer, the White House said Wednesday.
Why it matters: The jets will bolster Ukraine's air defense capabilities, allowing its air force to thwart Russian air attacks, as well as seek and destroy drones and missiles targeting Ukrainian cities.
The Biden administration will give the most full-throated defense yet of its tariffs on Chinese imports in a speech Wednesday afternoon by a top Treasury Department official.
Why it matters: Biden-era tariffs were intended to head off what officials see as a threat to the global economy: China producing more clean-energy goods than the world can absorb, distorting global prices.
Max Polyakov is co-founder of Firefly Aerospace, a Texas-based rocket maker valued last year at $1.8 billion.
Why it matters: He also was forced to dump his shares in the company, after investing around $200 million, by a U.S. government that now seems to be admitting a mistake.
CIA director Bill Burns is meeting senior Qatari, Egyptian and Israeli officials in Doha on Wednesday in hopes of closing remaining gaps in the framework of the Gaza hostage and ceasefire deal and moving to detailed negotiations, sources with direct knowledge of the issue told Axios.
Why it matters: Israeli and U.S. officials are more optimistic than ever before about the potential of reaching a deal.
President Biden wants to use this week's NATO summit in Washington to reassert his leadership over two anxious audiences: the Democratic Party, and Western allies unsure what to make of the unfolding political crisis.
Why it matters: The summit, which kicked off Tuesday and commemorates 75 years since the alliance was established, is Biden's first major international event since last month's debate raised doubts about his capacity to lead NATO's most important ally.
President Biden awarded the Presidential Medal of Freedom to NATO Secretary Jens Stoltenberg Tuesday in a surprise announcement during the conclusion of his remarks at the alliance's summit.
Why it matters: The flagship award is the highest civilian honor in the U.S. and comes as Stoltenberg has led NATO through a turbulent period amid Russia's ongoing war on Ukraine.
In the 2000s, a so-called China shock swept through the U.S. economy, lowering consumer prices while causing massive losses of manufacturing jobs. Former President Trump's proposed tariff regime would be, in effect, an audacious attempt to reverse it.
The big picture: Trade experts believe that the price of imported manufactured goods would rise significantly if Trump returns to the White House and enacts the aggressive program he has described on the campaign trail. They are not persuaded that a manufacturing renaissance would follow.
Peru's Congress last week passed a bill that would establish a statute of limitations on crimes against humanity, raising concerns among victims and advocates seeking justice.
Why it matters: Activists and lawyers are warning this would jeopardize pending cases for crimes such as the forced sterilization of Indigenous women, government-sanctioned torture and massacres.
The number of Puerto Ricansliving in the continental U.S. has grown since Hurricane Maria in 2017, and they could have an impact in the outcome of certain federal, state and local elections, analysts say.
Why it matters: Puerto Ricans are an important part of the growing Latino electorate, and parties and candidates would be remiss to take that for granted, experts say.
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