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Trump picks US$175 billion Golden Dome design to block China, Russia threats

Trump picks US$175 billion Golden Dome design to block China, Russia threats

US President Donald Trump said on Tuesday he had selected a design for the US$175 billion Golden Dome missile defence shield and named a Space Force general to lead the effort to build the ambitious defence programme aimed at blocking threats from China and Russia.
Trump announced at a White House press conference that US Space Force General Michael Guetlein would be the lead programme manager for what the president said would be a US$175 billion project, an effort widely viewed as the keystone to Trump's military planning.
Golden Dome will 'protect our homeland', Trump said from the Oval Office and added that Canada had said it wanted to be part of it.
First ordered by Trump in January, Golden Dome aims to create a network of satellites to detect, track and potentially intercept incoming missiles. The shield could deploy hundreds of satellites for missile detection and tracking.
At a cost of US$175 billion, it will take years to implement, as the controversial programme faces both political scrutiny and funding uncertainty.
US Space Force General Michael Guetlein (right) speaks as US President Donald Trump makes an announcement regarding the Golden Dome missile defence shield in the Oval Office on Tuesday. Photo: Reuters
Democratic lawmakers have voiced concern about the procurement process and the involvement of Trump ally Elon Musk's SpaceX, which has emerged as a front runner alongside Palantir and Anduril to build key components of the system.

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Small businesses, big tariffs: young Hong Kong entrepreneurs amid US-China trade war
Small businesses, big tariffs: young Hong Kong entrepreneurs amid US-China trade war

South China Morning Post

time2 hours ago

  • South China Morning Post

Small businesses, big tariffs: young Hong Kong entrepreneurs amid US-China trade war

When Hong Kong teen Darren Lee launched his sock company six months ago, he was eager to support the underprivileged artists behind his products' designs. But after a few roller-coaster months of the US trade war with China, Lee is facing massive hurdles that are causing him to reconsider his target markets. According to Lee, who is the 19-year-old founder of Sababu Socks, about 30 per cent of his customers are from the United States, meaning he has been dealing with the country's tariffs on Hong Kong goods. 'Our product is a sock, so, obviously, the jump in price can't be too significant,' said Lee, who runs his business while studying at the University of Hong Kong. Tariffs are taxes imposed on imports, and they are typically used to regulate trade and protect domestic industries. In April, US President Donald Trump sent companies and governments across the world into a frenzy after proposing increased tariffs on goods from every country. This set off a diplomatic tug of war between the United States and many of its largest trading partners. The US and China have temporarily agreed to roll back most of the massive hikes in a truce that is set to end in mid-August. Still, US tariffs on many Chinese goods remain higher than they were before April. The situation remains volatile, and small businesses in Hong Kong – like Lee's Sababu Socks – are just a few of the victims caught in the crosshairs. Hong Kong students criticise US visa changes A shift in focus Amid the instability of the US-China trade war, Lee found that he had to become a more adaptable entrepreneur. In response to Trump's tariffs, Sababu's original delivery option, the Hongkong Post, stopped taking parcels with goods destined for the United States. Not only did Lee have to find a new delivery service, but he also adjusted to the tariffs by increasing shipping fees for small US orders and notifying customers that the delivery timing could be unpredictable. But his company has swallowed the cost of free international shipping for bigger orders. Lee said he had also shifted his company's plans because he expected US-China tensions to affect sales. '[Americans are] less likely and less inclined to buy Chinese products. So I think definitely there is an impact if I were to [say] everything is made in China,' he said, adding that he had been advised to avoid running ads in the United States for now. Lee realised the importance of not putting 'all my eggs in one basket'. Now, he is trying to target other markets, such as Europe. Despite the unstable situation, Lee thinks that many customers continue supporting him because he is a young entrepreneur and his business supports artists in various African countries. 'People want to support small businesses even more,' he said. Darren Lee is the founder of Sababu Socks. Photo: Handout Opportunities elsewhere Sababu is not the only small Hong Kong-based company that has shifted priorities in recent months. Mir Kash is a vegan bag company founded by 29-year-old Rajul Daga. The business is based in Hong Kong and its products are made on the mainland, but its sales target Western markets, including the US. 'The West was a very lucrative space,' she said. 'I had started putting a lot of money in the US for my ads and Instagram content.' But her sales have since been threatened by the trade war. If Trump had kept the April tariffs, Daga said this would have hurt Mir Kash's US sales by at least 75 per cent, and shipping costs would have increased threefold. 'If you're buying a handbag, which is US$200 [HK$1,570], why would you pay over US$100 just for shipping?' Daga said. 'It is very unattractive for any consumer.' Trump tariffs: Hongkong Post halts US-bound airmail parcels The young entrepreneur is adjusting by focusing on the situation's silver lining. 'I think a lot of my suppliers lost their US clients ... So I have more of their time and more of their energy,' she said. Now, Daga is in the process of shifting Mir Kash to India, in hopes of targeting the vegan-friendly market there. While the move is for personal reasons, she noted that it posed an 'excellent opportunity' for her business. This flexibility, she said, was crucial for any entrepreneur. 'As an entrepreneur, you should always be ready for change – whether it's externally something's happened or internally, within the company,' Daga said. Mir Kash makes vegan luxury bags. Photo: Handout Weather the storm Other small businesses that sell entirely to US customers do not have the same flexibility in dealing with the tariffs. Lang is a clothing shop founded in 2023 by Kayla Wong, who grew up in Hong Kong and is now based in the US city of Los Angeles. 'Lang is a ... self-exploration of my own heritage through fashion and design,' said Wong, 32. While the company first focused on bringing Hong Kong brands to the North American market, Wong said they expanded to also include Asian-American brands. Lang, which has a store in the heart of Los Angeles' Chinatown, sells most of its products to US customers. Since most of the shop's goods are from Hong Kong and China, Wong said the tariffs 'affect me directly'. 'There has definitely been a frantic energy among designers and suppliers alike – the most immediate challenge is delays in deliveries. We have taken the strategy of 'wait and see',' Wong said. The entrepreneur said her shop might have to increase its prices, but she hoped consumers would continue supporting small businesses over fast fashion. While Wong is worried about the constant changes, she is ready to stay true to her brand's mission. 'I ran a lot of different scenarios of how we could pivot as a business if things don't change,' she said. 'Ultimately, I don't feel like it would be right to abandon my core brands from Hong Kong.' Kayla Wong hopes to stay loyal to her company's dedication to Hong Kong brands. Photo: Rigo Villordo Additional reporting by Associated Press Stop and think: How has the US-China trade war affected Sababu Socks, Mir Kash and Lang? Why this story matters: The decisions of world leaders have consequences for everyday people. Small businesses have an especially hard time adapting to changes in trade policy because they do not have the resources that international conglomerates do.

Trump hints at regime change in Iran with MIGA slogan
Trump hints at regime change in Iran with MIGA slogan

RTHK

time3 hours ago

  • RTHK

Trump hints at regime change in Iran with MIGA slogan

Trump hints at regime change in Iran with MIGA slogan US President Donald Trump made the comment on social media. File photo: AFP US President Donald Trump hinted on Sunday at interest in regime change in Iran, despite several of his administration officials earlier stressing that US strikes on Iranian nuclear sites did not have that goal. "It's not politically correct to use the term, 'Regime Change,' but if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn't there be a Regime change??? MIGA!!!" Trump posted on his Truth Social platform. (AFP)

Can the US and China forge a rivalry of convenience?
Can the US and China forge a rivalry of convenience?

South China Morning Post

time3 hours ago

  • South China Morning Post

Can the US and China forge a rivalry of convenience?

Deteriorating China-US relations are often blamed on the two countries' different political and economic systems. However, building on the commonalities of the strategic objectives of Chinese President Xi Jinping and US President Donald Trump may offer a path to improved relations. The path forward is relatively wide and multifaceted in terms of geopolitical concerns but narrower in terms of trade and economic issues. Both leaders seek a new world order that offers different roles for their countries. For Trump, this means shedding America's obligations to provide global public goods and ostensibly focusing more on US domestic interests. Xi, meanwhile, wants to preserve a rules-based global economic system in which China has prospered but seeks a greater say in its management. Trump's obsession with exercising leverage to strike deals involves threatening allies, who are more susceptible to pressure than America's perceived enemies due to their reliance on the US for security and economic support. Washington's disruptive behaviour provides an opening for Beijing regarding global leadership, but Beijing is still developing its soft power skills and lacks the financial and military resources to make this a near-term reality.

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