US Strikes Iranian Military Targets for 13th Consecutive Night The United States has conducted airstrikes against Iranian military targets for the 13th consecutive night, marking a significant escalation in the ongoing conflict between the two nations. The strikes, which were carried out by US military forces, targeted various Iranian military installations and personnel, resulting in significant damage and casualties. The US government has stated that the strikes were in response to recent attacks on American interests in the region, which were allegedly carried out by Iranian-backed militant groups. The situation in the region remains tense, with both sides exchanging rhetoric and engaging in a war of words. The US has vowed to continue its military campaign against Iranian targets, while Iran has threatened to retaliate against American interests. The international community is watching the situation closely, with many world leaders calling for calm and restraint. The conflict ha...
On Tuesday, the U.S. Commerce Department raised steel and aluminum tariffs on more than 400 products, including wind turbines, mobile cranes, appliances, bulldozers, railcars, motorcycles, marine engines, furniture, and hundreds more. The department added 407 product categories to the list of “derivative” steel and aluminum products covered by sectoral tariffs, which apply a 50% tariff on steel and aluminum content and the country rate on non-steel and non-aluminum content. In a research note, Evercore ISI estimated the move will raise the effective tariff rate by 1 percentage point for more than 400 product codes representing over $200 billion in imports last year. The department is also adding imported parts for automotive exhaust systems and electrical steel for electric vehicles, buses, air conditioners, refrigerators, freezers, and dryers to the new tariffs. The department was advised not to add the parts by foreign automakers, who said the U.S. cannot meet demand. Tesla crea...