Economist challenges efficacy of US automotive tariffs in domestic manufacturing growth
Economist Mary Lovely argues that increased domestic automotive production does not validate the success of current US tariff policies. The analysis suggests that structural shifts, such as the rise of automated 'dark factories' and Chinese industrial strategy, are more significant drivers of industry trends than protectionist measures.
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Russia — 6 developments
US-Iran Conflict: Sustained US Airstrikes, Iranian Retaliation Threats, US Casualties
The US-Iran conflict is escalating with sustained US aerial campaigns against Iranian critical infrastructure, including unverified reports of strikes near the Bushehr nuclear facility. Iran's IRGC has threatened retaliatory strikes on US allies' energy infrastructure, while the Pentagon confirms significant US expenditures and nearly 100 casualties. The direct attribution of all strikes and the full extent of damage remain uncertain.