JERUSALEM (AP) — Israel’s parliament passed a law early Thursday that would allow it to deport family members of Palestinian attackers, including the country’s own citizens, to the war-ravaged Gaza Strip or other locations.
The law, which was championed by members of Prime Minister Benjamin Netanyahu's Likud party and his far-right allies, passed with a 61-41 vote but is likely to be challenged in court.
It would apply to Palestinian citizens of Israel and residents of annexed east Jerusalem who knew about their family members' attacks beforehand or who “express support or identification with the act of terrorism.”
They would be deported, either to the Gaza Strip or another location, for a period of 7 to 20 years. The Israel-Hamas war is still raging in Gaza, where tens of thousands have been killed and most of the population has been internally displaced, often multiple times.
It was unclear if it would apply in the occupied West Bank, where Israel already has a longstanding policy of demolishing the family homes of attackers. Palestinians have carried out scores of stabbing, shooting and car-ramming attacks against Israelis in recent years.
Dr. Eran Shamir-Borer, a senior researcher at the Israel Democracy Institute and a former international law expert for the Israeli military, said that if the law comes before the Supreme Court, it is likely to be struck down based on previous Israeli cases regarding deportation.
“The bottom line is this is completely non-constitutional and a clear conflict to Israel’s core values,” said Shamir-Borer.
Israel captured Gaza, the West Bank and east Jerusalem in the 1967 Mideast war, territories the Palestinians want for their future state. It withdrew settlers and soldiers from Gaza in 2005 but has reoccupied parts of the territory since Hamas' Oct. 7, 2023 attack triggered the war.
Israel annexed east Jerusalem in a move not recognized by most of the international community. Palestinians there have permanent residency and are allowed to apply for citizenship, but most choose not to, and those who do face a series of obstacles.
Palestinians living in Israel make up around 20% of the country's population. They have citizenship and the right to vote but face widespread discrimination. Many also have close family ties to those in the territories and most sympathize with the Palestinian cause.
Lidman reported from Tel Aviv, Israel
Follow AP’s war coverage at https://apnews.com/hub/israel-hamas-war
Israeli Prime Minister Benjamin Netanyahu, center, speaks to Defense Minister Yoav Gallant, left, at the opening of the 25th Knesset session marking the anniversary of the "Iron Swords" war, in Jerusalem, Monday, Oct. 28, 2024. (Debbie Hill/Pool Photo via AP)
Israeli Prime Minister Benjamin Netanyahu, center, flanked by Defense Minister Yoav Gallant, second from left, attends at the opening of the 25th Knesset session marking the anniversary of the "Iron Swords" war, in Jerusalem, Monday, Oct. 28, 2024. (Debbie Hill/Pool Photo via AP)
Israeli Prime Minister Benjamin Netanyahu speaks at the opening of the 25th Knesset session marking the anniversary of the "Iron Swords" war, in Jerusalem, Monday, Oct. 28, 2024. (Debbie Hill/Pool Photo via AP)
Shares recovered from early losses in Asia on Thursday after U.S. stocks stormed to records as investors wagered on what Donald Trump’s return to the White House will mean for the economy and the world.
Markets also were turning their attention to the Federal Reserve’s decision on interest rates, due later in the day.
Japan's Nikkei 225 fell 0.3% to 39,381.41, reflecting worries over the potential for a revival of trade tensions under a Trump administration.
“I think everybody’s going to be worried about Trump's tariffs because that’s one of the things in his playbook. And so we’ll have to see how things develop in the early stages of his presidency this time," said Neil Newman, head of strategy for Astris Advisory Japan.
In Seoul, the Kospi finished nearly flat, at 2,564.63. Australia's S&P/ASX 200 rose 0.3% to 8,226.30.
Chinese shares rallied after the government reported that exports jumped nearly 13% in October over a year earlier, the fastest pace in more than two years and far outpacing the 2.4% increase in September.
Hong Kong's Hang Seng gained 1.6% to 20,863.30. The Shanghai Composite index was up 2.3% at 3,460.52.
Trump has promised to slap blanket 60% tariffs on all Chinese imports, raising them still more if Beijing makes a move to invade the self-governing island of Taiwan.
Investors are adding to bets built earlier on what the higher tariffs, lower tax rates and lighter regulation that Trump favors will mean. Higher tariffs on imports from China would add to the burdens Beijing is facing as it struggles to revive slowing growth in the world's second-largest economy.
But the impact may be less drastic than feared, Zichun Huang of Capital Economics said in a report.
“We expect shipments to stay strong in the coming months –- any drag from potential Trump tariffs may not materialize until the second half of next year," Huang said.
Still, higher tariffs on imports from China, Mexico and other countries would raise the risk of trade wars and other disruptions to the global economy.
Trump's win raised expectations that Beijing may ramp up its spending and other stimulus to counter such trends. The Standing Committee of China's legislature is meeting this week and is expected to announce further measures by Friday.
Francis Lun, CEO of Geo Securities, said domestic issues were a greater concern than tariffs. "People want the government to spend some money to boost the economy, instead of looking outward,” he said.
On Wednesday, the U.S. stock market, Elon Musk’s Tesla, banks and bitcoin all stormed higher, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world. Among the losers the market sees: the renewable-energy industry and potentially anyone worried about higher inflation.
The S&P 500 rallied 2.5% to 5,929.04 for its best day in nearly two years. The Dow Jones Industrial Average surged 3.6% to 43,729.93, while the Nasdaq composite jumped 3% to 18,983.47. All three indexes topped records they had set in recent weeks.
The impact of Trump's second term will likely depend on whether his fellow Republicans win control of Congress, and that’s not yet clear.
Investors see Trump’s policies potentially leading to stronger economic growth. That helps push prices down and yields up for Treasurys. Tax cuts under Trump could further swell the U.S. government’s deficit, increasing borrowing and forcing yields even higher. The yield on the 10-year Treasury jumped to 4.43% from 4.29% late Tuesday, which is a major move for the bond market. It’s up substantially from August, when it was below 4%.
Investors expect the incoming president's policies, particularly higher tariffs, to fan inflation and add costs to U.S. household bills. Sharp cutbacks in immigration could also leave businesses shorthanded, forcing companies to raise wages for workers faster and putting more upward pressure on prices.
Much of Wall Street’s run to records this year was built on expectations for coming cuts to interest rates by the Federal Reserve, as inflation has headed back down to its 2% target. Easier interest rates help boost the economy, but they can also give inflation more fuel.
The Fed will announce its latest decision on interest rates Thursday, where the expectation is still for a cut, according to data from CME Group. But traders are already paring back forecasts for how many cuts the Fed will provide through the middle of next year.
In other dealings early Thursday, the U.S. dollar weakened against the Japanese yen, slipping to 154.08 yen from 154.62 yen. The euro rose to $1.0747 from $1.0730.
U.S. benchmark crude oil gained 24 cents to $71.93 per barrel. Brent crude, the international standard, was up 33 cents at $75.25.
The price of bitcoin slipped to $74,789.38 after hitting an all-time high above $76,480 on Wednesday, according to CoinDesk. Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin.
A man passes a video monitor on the side of the New York Stock Exchange in New York's Financial District on Tuesday, Nov. 5, 2024. (AP Photo/Peter Morgan)
A board above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Wednesday, Nov. 6, 2024. (AP Photo/Richard Drew)
People pass the New York Stock Exchange in New York's Financial District on Tuesday, Nov. 5, 2024. (AP Photo/Peter Morgan)
A TV camera screen shows the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
Members of media stand near the screens showing the Korea Composite Stock Price Index (KOSPI), left, the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
A currency trader talks on the phone at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
A tv cameraman films the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
A currency trader walks by the screens showing the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024. (AP Photo/Lee Jin-man)
