Trump secures deal for 15% tariff on South Korean imports
The U.S. will impose a 15% tariff on imports from South Korea under a new trade deal that also includes a $350bn (about £264bn) South Korean investme...
Donald Trump’s missile defence plan, called the Golden Dome, is set to become one of the most expensive military projects in U.S. history. Let’s take a look at how it has become a reason of rivalry, between Silicon Valley’s tech disruptors and America’s traditional defence giants.
It’s not just a missile shield. It’s a new industrial war.
And the battlefield is the Pentagon’s budget.
The Golden Dome is Donald Trump’s answer to the next generation of missile threats.
It’s designed to detect and destroy missiles from space, using satellites, sensors, and laser interceptors.
The goal is speed: stop an attack in seconds, before it hits American soil.
Inspired by Israel’s Iron Dome, this version would cover the entire globe.
And the threats? Hypersonic missiles from countries, weapons that travel faster than sound and evade traditional defences.
But it’s not just what the system does, it’s who builds it.
Trump’s order opened the door to non-traditional defence players. Tech companies. Start-ups. Venture-backed AI labs.
Now, names like Microsoft, Palantir, and C3 AI are bidding against Lockheed Martin and Northrop Grumman — the two pillars of America’s defence industry.
According to The Financial Times, over 500 companies have already responded. The Missile Defense Agency is preparing to award $151 billion across ten-year contracts.
Legacy players promise reliability. They pitch proven systems already in use — interceptors, radar, satellites.
But tech firms bring speed, scale, and AI-powered tools that legacy firms are still catching up to.
There’s friction. SpaceX was once expected to play a key role, until Elon Musk’s public fallout with Trump threw its status into question.
Start-ups like Anduril, Epirus, and Shield AI are now valued over $1 billion each — but they still lack the battlefield record of traditional defence contractors.
And while their software is advanced, critics warn that real-world performance remains unproven.
Investors have poured over $150 billion into defence tech since 2021. But most of the Pentagon’s money still flows to the established players.
The Pentagon says it needs both. Old capability and new code.
But in the end, only one side will lead the future of warfare.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
The U.S. will impose a 15% tariff on imports from South Korea under a new trade deal that also includes a $350bn (about £264bn) South Korean investment in the U.S., President Donald Trump has announced.
U.S. President Donald Trump has announced sweeping 50% tariffs on Brazilian imports, citing concerns over judicial overreach and human rights violations. Yet major economic sectors were spared, following weeks of negotiations and lobbying from businesses on both sides.
An estimated 80,000 children are vulnerable to cholera in West and Central Africa amid ongoing outbreaks and the onset of heavy rains, according to the United Nations.
With just one day left until Donald Trump’s 1 August tariff deadline, the U.S. has announced trade deals with several countries, but many remain incomplete or lacking firm commitments.
U.S. Commerce Secretary Howard Lutnick confirmed that South Korea’s reciprocal and auto tariff rate will be set at 15%, averting a steeper 25% levy ahead of the 1 August deadline.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment