European Commission seeks US tariff exemptions for diverse product list
The European Commission is preparing a formal request for the US to exempt hundreds of goods, including agricultural and industrial products, from existing 15% tariffs. This move signals an attempt to mitigate trade friction, though the likelihood of US acceptance remains uncertain given current protectionist trends.
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US-Iran Conflict Escalation: US Strikes Iranian Targets, Iran Retaliates
The US military has conducted a seven-day strike campaign against Iranian-linked targets, including coastal facilities and energy infrastructure, leading to Iranian calls for power conservation. In retaliation, Iran has reportedly launched coordinated missile and drone strikes against multiple US-allied air bases in Jordan, Kuwait, and Bahrain, and also targeted Kurdish opposition groups in Iraq. The extent of damage from these strikes and specific casualty figures remain largely unverified, with both sides reporting on the other's actions.