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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin

Microsoft Azure Outage Traced to DDoS Cyberattack

 

Microsoft Corp has revealed that a recent outage of its Azure cloud services was the result of a distributed-denial-of-service (DDoS) cyberattack.

The DDoS attack, which began early Tuesday, was exacerbated by an error in Microsoft's automated protection systems, which inadvertently worsened the impact instead of mitigating it, according to a status update from the company.

Key Points:

  • Affected Regions and Services: The attack impacted multiple regions and services running on Azure. For instance, mobile ordering at Starbucks Corp was disabled for hours due to Azure issues, a source said.

  • Nature of Attack: Denial-of-service attacks overwhelm a website with internet traffic, causing disruptions or shutdowns. These attacks are a persistent challenge for financial institutions, causing periodic downtime and requiring extensive efforts from security teams to counteract.

  • Outage Reports: Reports of outages on Azure and Microsoft 365 began to increase shortly after 7 am in New York, reaching hundreds of complaints at the peak, according to Downdetector. The incident was resolved by about 5 pm in New York.

  • Microsoft 365 Impact: The outage also affected several Microsoft 365 services and features, including Outlook, Word, and Excel.

  • Starbucks Recovery: Mobile ordering for Starbucks was largely restored by about 1 pm in New York, with the company working to address ongoing limited interruptions.

Previous Incidents and Response:

  • Recent Cybersecurity Issues: Earlier in the month, eight million Windows-operated computers crashed following a flawed software update from cybersecurity firm CrowdStrike Holdings Inc. Microsoft has also been dealing with the aftermath of several cyberattacks, prompting a critical report from the US government calling for companywide changes.

  • Microsoft's Cybersecurity Efforts: Despite the setbacks, Microsoft CEO Satya Nadella emphasized the company's commitment to cybersecurity during a conference call on Tuesday, following the release of quarterly earnings. He highlighted that Microsoft has over 1.2 million security customers and continues to prioritize security.

“We continue to prioritize security above all else,” Nadella stated.

As Microsoft addresses the fallout from the DDoS attack and other recent cybersecurity challenges, it remains committed to enhancing the resilience and reliability of its cloud and productivity services.

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