Taoiseach tries to weather storm as US tariffs revealed
- Donald Trump announced sweeping tariffs, including a 10% tariff and a 25% levy on imported vehicles, impacting several countries.
- The US dollar dropped approximately 0.8% against the pound following Trump's announcement, with the US Dollar Index also seeing a similar decline.
- He claimed that US taxpayers have been 'ripped off for 50 years' and vowed it 'is not going to happen anymore.'
- Trump identified Cambodia, Laos, and Madagascar as the countries with the highest US reciprocal tariffs, at 49%, 48%, and 47% respectively, while the lowest rate is 10% for countries like the UK and Brazil.
44 Articles
44 Articles
'Weather this storm' - Martin's vow as tariffs launch price hike & job loss fear
PRICE hikes, job losses and “recessionary trends” across the globe are incoming on the back of Trump’s tariffs but Taoiseach Micheal Martin believes: “Ireland can weather this storm.” As EU leaders call for talks to avoid a trade war, the White House warned “this is not for negotiation” with President Trump not planning to back down. Taoiseach Micheal Martin believes Ireland ‘can weather’ the tariffs ‘storm’Brian Lawless/PA Wire However, Preside…
Taoiseach tries to weather storm as US tariffs revealed
Even before Donald Trump revealed his radical economic plan in Washington its outline had been worryingly sketched out in a room in Leinster House. Mícheál Lehane analyses how the Dáil reacted to the alteration to world trade.
US President Trump relies on drastic penalties for trading partners and gives himself relentlessly. He bases his plans on unfair trading practices. The new package has it in itself.
With the announcement of high import duties set per individual country, US President Donald Trump is sending a shockwave through the global economy. Whether there is still room for negotiations, he left vague on his Liberation Day. Getting factories back to the US seems to be his main goal.
Donald Trump launched his trade war this Wednesday evening, seen as the "Day of Liberation" by the American President. What consequences for Europe? Analysis. ...
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