Ireland’s $163B Retaliation Cripples US Economy! & U.S. Jobs Collapse | What’s Next?

March 30, 2025 Admin Politics

<h2>Ireland’s $163B Retaliation Cripples US Economy! & U.S. Jobs Collapse | What’s Next?</h2> Ireland’s $163B Retaliation Cripples US Economy! & U.S. Jobs Collapse | What’s Next? As global markets brace for another wave of uncertainty, President Donald Trump’s aggressive trade stance is once again making headlines. With a fresh round of tariffs aimed at key US trading partners, the international response has been swift—and cautious. At the heart of this new trade pressure is a set of tariffs that the Trump administration has already begun implementing. These started with duties on steel and aluminium from the European Union, a move reminiscent of his earlier presidency. The difference this time is the sheer scale and speed of escalation. A second round of tariffs is expected to be announced on April 2nd, with speculation mounting over which sectors—and countries—will be in the firing line. President Trump has publicly referred to April 2nd as “liberation day”, signalling that these new measures are intended to strike a decisive blow in his campaign to bring jobs and production back to the United States. The rhetoric may be dramatic, but the impact is likely to be very real, particularly for countries like Ireland, which has a large US multinational footprint, and South Korea, a major exporter of vehicles and steel. During a recent event at the White House, Trump spoke proudly of the success he believes tariffs have already had in boosting domestic investment. He pointed to Hyundai’s announcement of a $21 billion investment in the US as a direct result of his trade policies. The timing of the announcement—just days before the new tariff deadline—has been viewed by many as a strategic move to avoid being caught up in any future trade penalties. Credit to : UNOMY

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