Among the consequences of Israel’s war on Gaza is the destruction of the local economy. Even before the latest Israeli assault, daily life and commerce in Gaza were crumbling as a result of a 15-year siege on the territory enforced by Israel and Egypt. Meanwhile, Israel is withholding millions in taxes collected on behalf of Palestinians, leaving the Palestinian Authority unable to distribute wages to many public sector employees, while more than 150,000 Palestinian workers from the West Bank are now unable to work inside Israel due to new restrictions imposed after October 7. We go to Ramallah to speak with economist Raja Khalidi, director general of the Palestine Economic Policy Research Institute. Khalidi says Israel is using a range of tools in its “economic warfare” against Palestinians, and warns, “We are on the precipice of a warlike situation in the West Bank.”