A fortnight into Donald Trump’s second presidency and it’s clear tariffs are a core part of the agenda for his second stint in the White House.
This week, Mr Trump imposed a 10 per cent tariff on Chinese goods. China swiftly retaliated by imposing its own tariffs on US imports and putting several companies, including Google, on notice for possible sanctions.
Meanwhile, the US president’s proposed 25 per cent tariffs on Mexico and Canada have been postponed for 30 days after the northern and southern US neighbours promised more co-operation on border security and the policing of drug trafficking.
Mr Trump says he “definitely” plans to impose tariffs on goods coming from the European Union and says the EU bloc’s approach to trade is an “atrocity”.
Iran says Gulf oil facilities are ‘legitimate targets’ following attacks on large gasfield
Charges to be dropped against three road traffic gardaí after six-year investigation
Gardaí unable to locate couple whose Meath home was built without permission, judge told
Man arrested after bomb squad attend scene of incident at Liffey Valley shopping centre
So, what exactly is a tariff and why is Donald Trump so focused on imposing them?
And what does this all mean for Ireland’s main exports and our country’s foreign direct investment?
Today, on In the News, what will Donald Trump’s tariffs mean for Ireland?
Irish Times economics correspondent Eoin Burke Kennedy discusses the implications of the US president’s sudden swathe of tariffs.
Presented by Sorcha Pollak, produced by Aideen Finnegan.
