Axios

Israeli Prime Minister Benjamin Netanyahu is planning to visit the White House on Monday, four sources with knowledge tell Axios.

Why it matters: If the visit takes place as planned, Netanyahu will be the first foreign leader to meet President Trump in person to try to negotiate a deal to remove Trump's tariffs. The leaders are also expected to discuss the Iran nuclear crisis and the war in Gaza.

U.S. stocks finished their worst week in five years with a historic two-day rout, as the realities of President Trump's tariff plan left investors stunned and fearing what comes next.

Why it matters: As opposed to Trump's first term, when sharply negative market moves often influenced him to pull back policy, in the second Trump administration markets are on their own.

President Trump on Friday announced that he again would delay the ban on TikTok, scheduled for tomorrow, despite not having made a deal with the app's Chinese owner, ByteDance.

Why it matters: TikTok is used by millions of Americans, for both entertainment and livelihoods.

Top congressional Democrats on Thursday night spoke out over reports that Gen. Timothy Haugh has been fired as National Security Agency director.

The big picture: The Washington Post first reported that Haugh had been removed from the NSA role and as U.S. Cyber Command chief, along with his civilian deputy Wendy Noble, citing a former U.S. official and two current ones.

Oil prices slid to their lowest levels since 2021 Friday after China unveiled steep retaliatory tariffs, adding to Thursday's plunge on news of the White House trade war and more OPEC+ supply.

Why it matters: The swirling forces bringing the steep drop serve one White House goal (lower energy prices) while further impeding another (drill baby drill).

China will impose 34% tariffs on all U.S. goods and also restrict exports of critical minerals, the nation's finance minister said on Friday.

Why it matters: It's a steep escalation in the U.S-China trade war, following President Trump's reciprocal tariffs on one of America's largest trading partners.

President Trump is betting his presidency on the biggest instant, unilateral, by-choice-not-necessity economic mandate in U.S. history.

Why it matters: He's gambling that generations of politicians, economists, CEOs, small-business owners, academics and even some of his own staffers are wrong — and that he's right.

• And he's doing it with an issue that hits every American.

South Korea's impeached President Yoon Suk Yeol has been removed from office over his brief martial law declaration last December that saw troops deployed to the National Assembly.

Why it matters: The South Korean constitutional court's unanimous ruling on Friday morning local time upholding Parliament's impeachment vote means the country must hold a snap election to replace Yoon within 60 days, per Yonyap news agency.

The Heritage Foundation is going to acquire the Abraham Accords Peace Institute (AAPI), which was established by President Trump's son-in-law and former senior adviser Jared Kushner, according to a statement shared with Axios.

Why it matters: The move by the conservative think-tank, which is considered highly influential on Trump administration policies, could reenergize the efforts to push for new normalization agreements between Israel and the Arab world — something the president has said he wants to do.

President Trump held a phone call Thursday with Israeli Prime Minister Benjamin Netanyahu and Hungarian Prime Minister Viktor Orbán and discussed Hungary's decision to withdraw from the International Criminal Court (ICC), Netanyahu's office said.

Why it matters: The ICC issued an arrest warrant against Netanyahu for alleged war crimes during the war in Gaza. His visit to Hungary on Thursday was the first time he traveled to a country under the court's jurisdiction — but Orbán announced ahead of his arrival that Hungary would be withdrawing from the ICC.

Apple's leaders, customers and fans are all holding their breath to see whether Trump's gigantic new tariffs will hamstring the iPhone maker.

Why it matters: Steve Jobs and Tim Cook built the most successful and arguably most beloved U.S. company for the last 25 years on a foundation of open trade, particularly with China.

Fifteen Senate Democrats backed a pair of resolutions from Sen. Bernie Sanders (I-Vt.) to withhold billions of dollars in offensive weapons sales and other military aid to Israel.

Why it matters: The votes split the party, revealing continued internal divisions over Democrats' views on the war in Gaza and support for the Israeli government. The measures failed 15-82 and 15-83.

President Trump's announcement Wednesday that the U.S. will impose a baseline 10% tariff on imports, with heavier reciprocal levies on goods from some countries, has left world leaders reeling.

The big picture: The reciprocal tariffs will impact dozens of nations, including some of the country's largest trading partners.

Trans and nonbinary citizens of at least eight European countries are being warned that they must designate one "sex" on their travel forms in the U.S. — and it has to reflect the gender they were assigned at birth.

The big picture: The Trump administration's sweeping rollbacks on transgender rights included a day-one executive order that declared the government recognizes two sexes, male and female, that are "not changeable."

At least eight European countries have adjusted travel guidelines for citizens seeking to enter the U.S. as the Trump administration has implemented several rollbacks on transgender rights.

The big picture: Finland, Denmark and several other U.S. allies urged cautionary planning for trans and nonbinary travelers seeking to enter the U.S. following an executive order requiring the federal government to recognize only two sexes: male and female.

President Trump's "Liberation Day" tariff plan is one of the biggest, most abrupt economic gambles in presidential history.

• He acted against the advice of most business leaders, many economists and even some Republican officials.

Why it matters: The reciprocal tariffs, which go into effect in one week, target vital trading partners with massive levies — the kind that could raise consumer prices, interrupt business activity and upend global trade.

Officials in the European Union, China and North American neighbor Canada say they're preparing countermeasures in response to President Trump's announcement of sweeping tariffs on U.S. imports.

Why it matters: A global trade war is heating up following Trump's announcement of a baseline 10% tariff on U.S. imports, with higher levies hitting China, the EU and elsewhere, which threatens to trigger stagflation with profound consequences for global economies, per Axios' Ben Berkowitz.

President Trump's sweeping tariffs announced Wednesday extend to countries and territories across the world — including the uninhabited Heard Island and McDonald Islands in the sub-Antarctic Indian Ocean.

The big picture: The remote UNESCO World Heritage-listed Australian territory, which features a mostly barren landscape, was included in the list of baseline 10% taxes on U.S. imports, along with mainland Australia.