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Trump says will be 'kind' with tariffs as deadline looms

  • On April 2, 2025, President Trump is expected to announce a new round of tariffs, which he calls "Liberation Day," targeting goods imported into the US, with the aim of protecting domestic businesses and manufacturing.
  • Governments impose tariffs, which are taxes on imported goods, with the intention of protecting local manufacturers and boosting the domestic economy.
  • Ireland is particularly concerned about the potential business impact of US tariffs, especially on its pharmaceutical exports, as it is a major manufacturing hub for US companies and the single biggest exporter of pharmaceuticals to the United States.
  • Taoiseach Micheál Martin stated on Monday that increased US tariffs pose a "very grave and serious threat" to Ireland, potentially costing the country over €18bn in lost trade and impacting 50,000 to 80,000 jobs, while the EU aims for a strategic response to avoid further damage.
  • Some Arizona businesses are already feeling the impact of existing tariffs, with a business leader noting mixed reactions from clients, including a 700% increase in property listings from Canadians and a 40% drop in purchases, leading some to sell for political reasons, while Canada has put up billboards in the Phoenix area to protest the tariffs.
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Trump to unveil latest tariff plans at 'Make America Wealthy Again' event Wednesday

U.S. President Donald Trump is set to lay out his plans to realign global trade through 'reciprocal' tariffs Wednesday at 4 p.m. ET in the White House Rose Garden.

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News broke the news in on Monday, March 31, 2025.
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