Republicans voice national security concerns over Cotter's proposed gifting of a luxury jet to President Trump.

Plus, the U.S. scraps a Biden-era rule limiting AI chip exports to other countries.

And we'll hear why a 90-day tariff rollback isn't delivering the long-term certainty retailers are looking for.

If we're a global player, do we need to have multiple supply chains effectively servicing different geographies?

All that is incremental cost.

So I think we're heading into a higher product cost environment under pretty much every scenario.

It's Wednesday, May 14th. I'm Luke Vargas for the Wall Street Journal. And here is the AM edition of

What's News, the top headlines and business stories moving your world today.

President Trump met this morning with the new president of Syria,

marking a major turning point in global recognition of the country's leadership.

On the sidelines of a regional summit in Saudi Arabia, a U.S. official said that Trump spoke with Ahmed al-Shara, a one-time insurgent, aligned with

Islamic State and al-Qaeda in Iraq, and who is still designated by Washington as a terrorist.

Al-Sharah led the overthrow of longtime dictator Bashar al-Assad in December.

A U.S. spokesman said it was the first meeting between the presidents of the U.S.

and Syria in 25 years, which came after Trump announced he would lift crippling economic

sanctions on the war-torn country as he kicked off his four-day Middle East tour in Saudi Arabia.

Meanwhile, the president hasn't escaped the growing criticism in Washington over his potential

acceptance of a $400 million luxury airplane from the government of Qatar. Democrats have raised

legal and ethical concerns, and now Republican lawmakers are questioning the potential security

risk and cost of retrofitting the plane for use as the next

Air Force One. On his way to Qatar, national security reporter Alex Ward told us the blowback

could overshadow today's state visit. The criticisms coming from Democrats and Republicans are

...