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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.

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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.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Trump proposes $100,000 H-1B visa fee increase

Trump announces massive H-1B visa fee increases and introduces $1 million ‘gold card’ to reshape immigration system

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Trump announces massive H-1B visa fee increases and introduces $1 million ‘gold card’ to reshape immigration system

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In Short:
– Trump announced a $100,000 fee for H-1B visas and a $1 million residency gold card to boost American hiring.
– Critics argue increased fees may limit smaller firms’ access to foreign talent, impacting U.S. tech innovation.
President Trump announced significant changes to the U.S. immigration system, introducing a new $100,000 fee for H-1B visas and a $1 million “gold card” for residency.
The move aims to increase revenue and promote the hiring of American workers, claiming that many tech companies exploit the current system.The fee increase targets H-1B visa applications, which traditionally have low entry costs.

Trump stated the initiative aims to bring in highly skilled individuals rather than those crossing the borders illegally. A gold card requiring a $1 million payment will expedite visa processing, with a reduced availability compared to existing green card categories.

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The new programme could alter the competitive landscape for U.S. tech companies, which historically depend on H-1B visas to access foreign talent.

Critics warn that the increased fees may deter smaller firms from utilising these visas, potentially hindering U.S. progress in tech sectors like artificial intelligence.

Visa Impact

Debate persists within Trump’s administration regarding the new policy’s implications. Supporters argue it protects American jobs, while opponents contend it restricts access to global talent crucial for innovation.

The H-1B visa programme, established in 1990, remains vital for skilled foreign workers seeking residency in the U.S., yet faces growing scrutiny.


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Fourth death confirmed due to Optus outage issues

Fourth death confirmed following Optus outage that blocked Triple Zero calls for 13 hours during network upgrade

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Fourth death confirmed following Optus outage that blocked Triple Zero calls for 13 hours during network upgrade

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In Short:
– A fourth death is confirmed due to an Optus network failure affecting emergency calls for 13 hours.
– Optus CEO announced an investigation after communication failures and criticism from politicians and emergency services.
A fourth death has been confirmed following an Optus network failure that prevented emergency calls to Triple Zero for 13 hours.
Initially, Optus reported three fatalities, including an infant and two elderly individuals from South Australia and Western Australia. The latest victim is a 49-year-old man from Perth.Optus CEO Stephen Rue expressed deep sorrow over the incident and announced a full investigation into the network update that caused the outage.

He stated that approximately 600 calls to emergency services were disrupted, impacting residents across South Australia, Western Australia, and the Northern Territory.

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Rue confirmed that the outage stemmed from a problematic firewall upgrade and revealed details of communication failures within the company. Politicians and emergency services expressed anger at the lack of timely information during the crisis.

System Failure

South Australian Premier Peter Malinauskas criticised Optus for their incompetence in handling the situation.

The federal communications minister also condemned the company, highlighting that such failures are unacceptable.

The incident follows a previous outage for which Optus was fined $12 million, raising serious concerns about their emergency service handling.


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Israel launches its new “Iron Beam” laser system

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.

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Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.


Israel’s Defence Ministry says its new “Iron Beam” laser system will be deployed by year’s end. The technology is designed to destroy incoming missiles, rockets, drones and mortars with precision.

Developed by Rafael Advanced Defense Systems in partnership with Elbit Systems, Iron Beam will sit alongside existing defences such as Iron Dome, David’s Sling and Arrow. Unlike traditional interceptors which can cost tens of thousands of dollars per shot, the laser comes at negligible expense.

Officials call it the world’s first high-power laser interception system to achieve operational maturity, hailing it as a game-changer for modern warfare. Military leaders expect the system to reshape air defence capabilities and cut costs dramatically.

#Israel #Defence #LaserWeapons #TickerNews


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