News

EU, Canada retaliates against U.S. tariffs with new levies

EU retaliates with tariffs on U.S. goods after Trump imposes steel and aluminum levies, sparking trade tensions.

Published

9 months ago

March 12, 2025

Ahron Young

EU retaliates with tariffs on U.S. goods after Trump imposes steel and aluminum levies, sparking trade tensions.

In Short

The EU will impose retaliatory tariffs on U.S. goods in response to Trump’s steel and aluminum tariffs, affecting exports worth $28 billion. China also plans to respond, amplifying tensions as discussions of exemptions continue with Canada and Australia amid economic concerns.

The European Union (EU) announced it will impose retaliatory tariffs on the U.S., starting in April, in response to the 25% tariffs on steel and aluminum established by the Trump administration.

These new EU tariffs will target various U.S. goods, including bourbon whiskey, boats, and motorcycles, potentially impacting U.S. exports worth approximately $28 billion.

China has also indicated its intention to respond, with the Foreign Ministry stating it would take necessary measures to protect its interests.

Steel and aluminum tariffs

President Trump confirmed the steel and aluminum tariffs would take effect on March 12, after previous measures with Canada were reconsidered. Additionally, he has threatened to increase tariffs on Canadian metals if Canada does not remove a proposed export tax on electricity.

Governor Doug Ford of Ontario has since negotiated with U.S. officials to eliminate this export charge in hopes of easing tensions.

The escalation of tariffs has raised concerns over their impact on the U.S. economy, with stock markets experiencing declines amid fears of a recession. Trump’s administration has committed to enforcing tariffs without exceptions, unlike the previous administration, despite ongoing discussions about potential exemptions with various countries.

News

SpaceX IPO could make Elon Musk’s Mars dream a trillion-dollar reality

SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.

Published

1 day ago

December 12, 2025

Harvey Vargas

SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.

Investors are buzzing as SpaceX gears up for a potential IPO, aiming to raise more than $25 billion, possibly as soon as June. The offering could value the company at over $1 trillion, fueling Musk’s ambitious plans for Mars and beyond.

Despite the high-risk nature of space ventures, demand from retail investors is expected to be strong. Experts predict this IPO could become historic, with the company’s market value potentially soaring past $2 trillion once it launches.

Musk’s unconventional management style hasn’t slowed investor enthusiasm, even amidst regulatory hurdles. The funds raised could also support groundbreaking innovations, including energy-efficient space data centers.

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#SpaceX #ElonMusk #IPO #MarsMission #Investing #StockMarket #TrillionDollar #SpaceTech

News

Russia shoots down 280+ Ukrainian drones as Zelenskyy pushes new peace plan

Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.

Published

1 day ago

December 12, 2025

Harvey Vargas

Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.

Russia’s Defence Ministry claims it has shot down over 280 Ukrainian drones, with 40 intercepted near Moscow, some targeting the city directly. Emergency services responded to debris, and temporary flight restrictions were enforced at Moscow’s airports amid the attacks.

Meanwhile, President Zelenskyy revealed his team is finalizing a revised 20-point peace proposal, introducing new ideas on territorial control. Ukrainian and American officials are set to consult online, focusing on security guarantees rather than the detailed points of the plan.

As tensions rise, both military clashes and diplomatic efforts continue to shape the future of the conflict. Keep up with the latest updates and expert analysis on these unfolding events.

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#UkraineConflict #RussiaUkraine #Zelenskyy #DroneAttack #PeacePlan #Moscow #WorldNews #TickerUpdates

News

Disney invests $1B in OpenAI to generate Marvel, Star Wars, and Pixar videos

Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.

Published

1 day ago

December 12, 2025

Harvey Vargas

Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.

Disney is taking AI to the next level, investing $1 billion in OpenAI to create a licensing deal that allows users to generate videos featuring more than 200 characters from Disney, Marvel, Star Wars, and Pixar. This partnership could redefine how fans interact with their favorite characters.

The deal will let users stream short AI-generated videos directly on Disney+, and ChatGPT will also produce images of Disney’s licensed characters. However, the agreement excludes talent likenesses or voices, keeping human performances separate.

Set to launch in 2026, the collaboration also gives Disney warrants to purchase additional OpenAI equity and use AI tools for product development, opening doors to new creative opportunities.

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