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Good morning from the Financial Times.
Today is Monday, June 23rd, and this is your FT News Briefing.
The U.S. has entered the war between Israel and Iran,
and the Trump administration is implementing a new set of tariffs.
Plus, we take a look at what knockoff brands in Russia tell us about the country's economy.
What we're seeing is kind of a return, in some ways,
to the old Soviet economy, where there's been a huge pivot towards China.
And as a result, Russia's economy has become more isolationist.
I'm Kasia Broussalian, and here's the news you need to start your day.
The U.S. bombed three nuclear sites in Iran over the weekend.
The attack marks a major escalation in the conflict, which had so far only involved Iran and Israel.
It also marks a huge political gamble for U.S.
President Donald Trump.
My colleague Steph Chavez has been covering the story from Washington.
Hey, Steph.