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‘Calm and measured dialogue' required after Trump tariffs blocked, says Tánaiste

‘Calm and measured dialogue' required after Trump tariffs blocked, says Tánaiste

BreakingNews.ie2 days ago

The Tánaiste has called for calm dialogue on trade after a US court blocked Donald Trump from imposing sweeping tariffs.
The ruling from the New York-based Court of International Trade came after several lawsuits arguing the US president has exceeded his authority, left American trade policy dependent on his whims and unleashed economic chaos.
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The Trump administration is expected to appeal.
Tariffs must typically be approved by the US Congress, but Mr Trump says he has the power to act because the country's trade deficits amount to a national emergency.
Simon Harris, who is Ireland's deputy premier and foreign affairs minister, said 'calm and measured dialogue' represents the 'best way forward' to resolving trade differences between the EU and the US.
'We note the ruling of the US Court of International Trade in relation to tariffs and also the fact that this ruling is being appealed,' the Tánaiste said.
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'I want to stress the position once again today that what is required now is for both sides, the EU and the US, to engage in calm and measured dialogue, and to do so in good faith.
'The continuing uncertainty over tariffs is the source of serious concern for businesses, here in Ireland but also across the EU and the US.
'Businesses that are concerned about their cost base, their workers, and their plans to invest.
'We will continue to monitor the implications of the court decision in the US while keeping our main focus on the negotiations at hand.'
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It comes after Mr Trump said he will pause his threatened 50 per cent tariffs on the EU until July 9th, following a 'very nice call' with European Commission president Ursula von der Leyen.
In April, Mr Trump announced a 20 per cent tariff on EU goods being sold into the US. He later reduced that to 10 per cent until July 9th to allow for time for talks with Brussels on a potential agreement.
On Friday, the president claimed the talks were 'going nowhere' and said he was recommending the 50 per cent tariff rate comes into effect on June 1st.
He rowed back on the decision on Monday, claiming Ms von der Leyen called him asking for an extension to the date.
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Taoiseach Micheál Martin said earlier this week that tariffs are 'not good for our economy'.
He added: 'It's absolutely important that we can get a realistic and reasonable deal between Europe and the United States to help consumers, to help citizens across the world.'

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Ireland's subsea cables and gas pipelines 'very vulnerable' amid 'non-existent maritime security'
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BreakingNews.ie

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Ireland's subsea cables and gas pipelines 'very vulnerable' amid 'non-existent maritime security'

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NBA player Williamson accused of rape in civil lawsuit
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BBC News

time39 minutes ago

  • BBC News

NBA player Williamson accused of rape in civil lawsuit

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Inside OpenAI's $500 Billion Stargate AI Megafactory with Sam Altman
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What does it take to build the future of artificial intelligence? Imagine a sprawling 1,200-acre facility in Abilene, Texas, humming with the power of 400,000 GPUs, each working tirelessly to train the next generation of AI models. This is Stargate, OpenAI's audacious $500 billion project, a megafactory designed to meet the insatiable computational demands of artificial general intelligence (AGI). Backed by tech giants like Oracle and SoftBank, Stargate is more than just a data center—it's a bold statement in the global race to dominate AI innovation. But as the world marvels at its scale and ambition, questions loom: Can such a colossal endeavor balance technological progress with environmental and economic responsibility? Bloomberg steps inside a Stargate AI Megafactory to uncover its new infrastructure, its potential to transform industries, and the controversies it stirs. 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While efforts are being made to incorporate renewable energy sources, much of the power required for such facilities still comes from fossil fuels. This reliance raises questions about the environmental footprint of AI growth, especially as global climate goals become increasingly urgent. The project highlights the tension between technological advancement and environmental responsibility, emphasizing the need for innovative solutions to balance these priorities. Global Competition and Geopolitical Implications Stargate is not just a technological endeavor; it is also a strategic move in the global race to dominate AI infrastructure. Countries like China are making significant investments in similar projects, intensifying competition and raising the stakes for technological leadership. This race is further complicated by supply chain dependencies on critical materials and semiconductors, many of which are sourced from regions like Taiwan and China. To address these challenges, the United States has introduced initiatives such as the CHIPS Act, aimed at boosting domestic semiconductor manufacturing and reducing reliance on foreign suppliers. These measures are designed to secure the supply chain while fostering collaboration with allied nations. Stargate, as part of this broader strategy, underscores the geopolitical dimensions of AI development and the importance of maintaining a competitive edge in this rapidly evolving field. Risks, Challenges, and Future Prospects The construction and operation of a project as vast as Stargate come with inherent risks and challenges. OpenAI has already reported significant financial losses, raising concerns about the long-term profitability and sustainability of such large-scale investments. Additionally, the rapid pace of AI development brings ethical dilemmas, including the potential for job displacement, misuse of advanced AI technologies, and the societal implications of AGI. Despite these challenges, Stargate holds the potential to reshape industries, accelerate scientific discovery, and create entirely new categories of employment. Comparisons have been drawn to fantastic infrastructure projects like the interstate highway system, which transformed economies and societies. Similarly, Stargate could drive global economic transformation, provided its benefits are distributed equitably and its risks are effectively managed. The project also raises important questions about regulation and governance. As AI continues to evolve, making sure that its development aligns with societal values and ethical standards will be crucial. Stargate's success will depend not only on its technological achievements but also on its ability to address these broader concerns. The Significance of Stargate in the AI Landscape Stargate represents a pivotal moment in the evolution of AI infrastructure. It embodies the intersection of technological ambition, economic development, and environmental sustainability, offering a glimpse into the future of innovation. As the global race for AI supremacy intensifies, projects like Stargate will play a critical role in shaping the trajectory of technology and its impact on society. Whether Stargate achieves its ambitious goals or becomes a cautionary tale of overreach remains to be seen. However, its significance in the AI landscape is undeniable. By addressing the challenges of scalability, sustainability, and ethical responsibility, Stargate has the potential to set a new standard for AI infrastructure and redefine what is possible in the era of artificial intelligence. Media Credit: Bloomberg Originals Filed Under: AI, Top News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. 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