Traci Mumford

It will be overseen by a so-called Board of Peace led by President Trump, along with other world leaders who haven't been announced yet.

U.S.

officials hope that setting up the new panel will weaken the grip that Hamas still has on the territory.

though experts say they will face enormous challenges in rebuilding Gaza.

Many of the territory's 2 million residents are still living in tents or half-destroyed houses.

And The Times has found that despite the ongoing ceasefire, Israeli forces have continued to demolish structures there.

Satellite imagery shows Israel has destroyed more than 2,500 buildings in the last few months, along with greenhouses and swaths of farmland.

Israel says it's destroying underground tunnels and demilitarizing the areas, though one former Israeli military commander questioned the scope, saying, quote, It's not selective destruction.

It's everything.

And trade data released by the Chinese government yesterday offers a new look at the impact of Trump's tariffs.

The data shows that the tariffs reduced China's trade surplus with the U.S.

by 22 percent last year.

But overall, China still managed to have the largest global trade surplus in world history.

It exported a trillion-plus more dollars of goods and services than it imported.

There are several factors at play there.

Chinese companies have been able to more than make up for lost sales to the U.S.

by finding new international customers.

Also, Beijing has made a big push to rely more on domestic production.

And many Chinese consumers have been strapped for cash with the country's economic woes, leaving them struggling to afford the flood of goods coming out of Chinese factories.

So those factories have shipped them abroad instead.