Structural persistence of US protectionist trade policy beyond current administration
Analysis suggests that current US tariff regimes are becoming entrenched as a long-term feature of domestic economic policy regardless of future leadership transitions. This shift marks a departure from historical bipartisan support for trade liberalization, signaling a sustained period of protectionism that complicates global supply chain planning.
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Russia — 7 developments
US-Iran Conflict Escalates Amidst Infrastructure Threats and Blockade
The US-Iran conflict has escalated significantly, marked by US presidential threats against Iranian civilian infrastructure following American casualties and a Strait of Hormuz blockade. Concurrently, an aerial campaign targeting Iranian infrastructure has persisted for 12 days, with unverified reports of direct US missile strikes within Iranian territory. Iran's IRGC has threatened retaliatory strikes on US allies' energy infrastructure.