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Days after President Donald Trump unveiled his $5 million "gold card" visa scheme, aimed at attracting wealthy individuals to the U.S. and reducing the federal deficit, a number of billionaires have expressed strong disapproval. A recent Forbes poll revealed that nearly 75% of billionaires surveyed showed little interest in the programme, with some questioning the rationale behind spending such a sum when business opportunities are readily available at a lower cost. Concerns over U.S. tax implications, particularly the country's policy of taxing citizens on global income, were highlighted as significant deterrents. While Trump assured that gold card holders would not be taxed on foreign income, skepticism remains regarding Congressional approval for the plan. The gold card is intended to replace the existing EB-5 immigrant investor visa programme, offering similar residency rights through direct purchase. Further details are expected to be released in the coming weeks. 
Published: Mar 03 2025, 9 pmeznews.inU.S. President Donald Trump announced on Monday that 25% tariffs on goods from Mexico and Canada will begin at 12:01 a.m. EST on Tuesday, raising concerns of a trade war and causing significant drops in U.S. financial markets. The Dow Jones fell nearly 650 points, and both the Mexican peso and Canadian dollar weakened. Trump justified the tariffs, stating they would encourage car manufacturing in the U.S. and reiterated his stance on increasing tariffs on Chinese imports to 20% due to ongoing fentanyl shipments. Canadian Foreign Minister Melanie Joly expressed readiness to respond to the unpredictability emanating from the White House. Economists warn that the tariffs could severely disrupt North American supply chains and lead to price hikes for consumers. Meanwhile, Mexico's President Claudia Sheinbaum indicated her government has contingency plans in place should tariffs be implemented. Analysts caution that Trump's aggressive tariff strategy could exacerbate inflation and risk a recession.
Published: Mar 04 2025, 5 ameznews.inUS President Donald Trump has announced an increase in tariffs on Chinese imports, escalating the previously imposed 10 percent tariff to 20 percent. The White House attributed this decision to China's inadequate response to the illicit fentanyl trade, which has been a growing concern in the United States. The announcement was made via a social media post, reflecting Trump's commitment to addressing what he perceives as a significant threat to public health and safety. This move marks a continuation of the ongoing trade tensions between the two nations, as the Trump administration seeks to hold Beijing accountable for its actions in the drug trade. The implications of this tariff hike could further strain US-China relations and impact global trade dynamics.
Published: Mar 04 2025, 4 ameznews.inThe United States is reportedly preparing a plan to offer sanctions relief to Russia as President Donald Trump aims to mend relations with Moscow and halt the ongoing war in Ukraine. Sources indicate that the White House has instructed the State and Treasury departments to compile a list of sanctions that could be eased, potentially affecting certain Russian oligarchs and entities. This move reflects Trump's administration's openness to negotiating with Russia, following a series of discussions between U.S. and Russian officials. While Trump previously threatened to intensify sanctions if negotiations faltered, recent comments from Treasury Secretary Scott Bessent suggest that economic relief for Russia could hinge on its willingness to engage in talks. The Kremlin has expressed interest in economic cooperation, indicating that any substantial deal would likely necessitate lifting some sanctions. However, specifics regarding which sanctions might be eased remain unclear, and congressional approval may be required for certain actions.
Published: Mar 04 2025, 2 ameznews.inUS President Donald Trump warned on Monday that a Chinese invasion of Taiwan would have "catastrophic" consequences, coinciding with a significant investment announcement from Taiwanese chipmaker TSMC in the United States. Speaking at the event, Trump emphasized the importance of bolstering domestic semiconductor production, stating that the investment would ensure the US secures a substantial role in this critical industry. The remarks come amid rising tensions between the US and China over Taiwan, underscoring the strategic significance of TSMC's expansion in the US market. This move is seen as part of broader efforts to enhance national security and reduce reliance on foreign supply chains in the semiconductor sector.
Published: Mar 04 2025, 2 ameznews.inIn a recent statement, President Donald Trump expressed that Ukrainian President Volodymyr Zelensky should show greater appreciation for the United States' ongoing support amid Russia's invasion. Speaking to reporters at the White House, Trump emphasized that the U.S. has remained steadfast in its backing of Ukraine. When questioned about the status of a minerals deal intended to aid in resolving the conflict, Trump indicated that it was not dead, although he did not elaborate. He also addressed speculation regarding a potential halt to military aid, stating, "I haven't even talked about that right now," and suggested that developments could change rapidly. "A lot of things are happening right now as we speak," he noted, highlighting the fluid nature of the situation.
Published: Mar 04 2025, 2 ameznews.inPope Francis experienced two acute respiratory episodes on Monday, necessitating bronchoscopies as he continues to recover from pneumonia, according to the Vatican. The 88-year-old pontiff, who has been hospitalized for 18 days—the longest of his papacy—was admitted to Rome's Gemelli hospital on February 14 with bronchitis that escalated into pneumonia. The Vatican's medical bulletin revealed that the bronchoscopies were performed to clear significant mucus buildup, and the pope has resumed non-invasive mechanical ventilation. Despite being alert and cooperative, his prognosis remains "reserved," indicating uncertainty about his recovery. On Sunday, Francis participated in mass and met with senior Vatican officials but missed his traditional Angelus prayer for the third consecutive week. In a written message, he expressed gratitude for the public's prayers, stating he feels supported by the affection of the faithful during this challenging time.
Published: Mar 04 2025, 12 ameznews.inUkrainian President Volodymyr Zelensky expressed a strong desire to conclude the ongoing conflict in Ukraine "as soon as possible," emphasizing the need for substantial diplomacy to achieve peace. In a social media post on Monday, Zelensky highlighted the importance of US support in this endeavor, amid ongoing criticism from former US President Donald Trump regarding his stance on a ceasefire. Zelensky's comments reflect a continued push for international assistance as Ukraine navigates the complexities of the war. The call for an urgent resolution underscores the humanitarian and geopolitical stakes involved, as the nation seeks to stabilize its situation and move towards a peaceful future.
Published: Mar 04 2025, 1 ameznews.inThe Indian Embassy in the UAE has confirmed that Shahzadi Khan, a 33-year-old Indian national from Uttar Pradesh, was executed on February 15, 2025, after being convicted of murdering an infant under her care. The Ministry of External Affairs (MEA) stated that they provided extensive legal assistance, including mercy petitions, to Khan's family. Khan was sentenced to death by the UAE's Court of Cassation following a confession alleged to have been coerced under duress. Her father, Shabbir Khan, had sought intervention from Indian authorities, but his pleas ended in tragedy after the embassy was informed of her execution on February 28. The family has been notified that they can attend her last rites scheduled for March 5, and a dedicated contact number for the embassy has been provided to them. The case has drawn attention to the complexities of legal proceedings for Indian nationals abroad.
Published: Mar 03 2025, 11 pmeznews.inThe Oscars, Hollywood's premier annual event, unfolded on Sunday as a spectacle of glamour and emotion, yet notably lacked political discourse, with only a single mention of the Ukraine-Russia conflict. First-time host Conan O'Brien delivered a light-hearted evening, making a subtle jab at the Trump administration while celebrating the film "Anora," which triumphed with five awards, including Best Picture. O'Brien quipped about Americans' excitement over a character standing up to a powerful Russian, eliciting strong applause from the audience. This humorous moment followed a tumultuous meeting between Trump, Vice President JD Vance, and Ukrainian President Volodymyr Zelensky, which erupted into a heated exchange over U.S. military support for Ukraine. Meanwhile, Russia continues to control nearly 20% of Ukraine, with the conflict framed by divergent narratives from both sides regarding its origins and implications.
Published: Mar 03 2025, 11 pmeznews.inExternal Affairs Minister S. Jaishankar will begin a six-day visit to the UK and Ireland on Tuesday, aiming to enhance bilateral cooperation. His trip will start in London, where he will meet with British Foreign Secretary David Lammy to discuss a range of topics, including the ongoing Ukraine conflict and the ambitious India-UK free trade agreement, which was recently revisited during British Trade Secretary Jonathan Reynolds' visit to New Delhi. The backdrop of Jaishankar's talks follows a contentious exchange between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy, coinciding with British Prime Minister Keir Starmer's summit on seeking a peace deal for Ukraine. In Ireland, Jaishankar will engage with his counterpart Simon Harris and connect with the Indian community. The Ministry of External Affairs highlighted that this visit will strengthen India's strategic partnerships with both the UK and Ireland across various sectors.
Published: Mar 04 2025, 12 am
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