The European Union has proposed an ambitious €200 billion investment project targeted at advancing the region’s artificial intelligence (AI) industry. European Commission President Ursula von der Leyen made the remark at the AI Action Summit in Paris, highlighting the need for Europe to catch up with global giants like the United States and China.

President Trump has announced a major policy shift, unveiling plans to impose 25% tariffs on all steel and aluminum imports into the U.S. This series of trade measures would significantly affect global markets, particularly targeting steel and aluminum imports. He revealed plans to impose a 25% tariff on all steel and aluminum entering the U.S., with the most significant impact on its largest trading partners, including Canada and Mexico. Trump also signaled future actions involving reciprocal tariffs, meaning countries that impose tariffs on U.S. products could face U.S.