Trump announces 100% tariff on generic drugs starting August 2028
Former President Trump announced a phased tariff plan targeting generic pharmaceuticals, with rates set to reach 100% in 2028 and 200% in 2029. The policy aims to force domestic relocation of drug manufacturing, though the feasibility of such a rapid supply chain shift remains highly uncertain.
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Russia — 12 developments
US Concludes 11-Day Strike Campaign Against Iran; Iran Relocates Nuclear Assets
The US military has concluded an 11-day strike campaign against Iranian targets, with reports of strikes across multiple Iranian provinces, including Bushehr and Tabriz. Concurrently, intelligence suggests Iran is relocating uranium enrichment infrastructure to the fortified Pickaxe Mountain facility, enhancing its nuclear program's resilience. The full scope of US targeting and Iranian nuclear activities remains unconfirmed, creating significant uncertainty regarding the potential for further escalation.