| Of course, it’s worth noting that the last time Section 702 came up for reauthorization was in 2018—and Trump signed the bill to extend the spying authority without including any reforms.
What’s next: The House will likely try again to pass the Section 702 reauthorization on Thursday or later this week. Johnson met with some of the holdout Republicans on Wednesday night and may court Democratic votes as well, Politico reports.
Iran draws a red line: If the United States helps Israel defend itself against a possible Iranian attack in the coming days, Iran will view American troops and other targets as fair game, The Intercept reported on Wednesday night, citing notes from a Tuesday meeting of the National Security Council.
That news came on the heels of a warning from American officials that an attack by Iran against Israel is imminent. Iran is seeking to retaliate for a strike by Israeli forces earlier this month that hit the Iranian embassy in Damascus, Syria.
Any additional escalation in the conflict between Israel and Iran would be a worrying step toward an all-out regional war. The possibility that U.S. troops will be targeted by Iran only heightens the risk of a growing conflict.
Despite that, Gen. Erik Kurilla, the top American military commander in the Middle East, is reportedly meeting Thursday with top Israeli military officials.
Terrible tariff: Trump’s proposal to slap a 60 percent tariff on all imports from China would be a massive tax hike on Americans but could actually be a net negative for federal revenue too.
According to the Committee for a Responsible Federal Budget (CRFB), Trump’s proposed tariff “would dramatically reduce trade with China (as intended) and thus lead to far less revenue than” some estimates have concluded without accounting for the decreased levels of trade.
“Despite the much higher tariff rates on remaining imports, tariff revenue on Chinese goods would fall from roughly $65 billion to $55 billion in FY 2035 under this scenario,” the CRFB’s analysis concludes. In other words, Trump’s tariff would disrupt huge amounts of trade, make many products more expensive, and wouldn’t even help reduce the budget deficit. That’s a serious lose-lose-lose. |