#TrumpTariffs

Latest Trump Tariff Updates (3 April 2025):

"Liberation Day" Tariffs Announced – Aimed at addressing trade imbalances and boosting U.S. manufacturing.

25% Tariff on Canadian & Mexican Imports – Focuses on agricultural products.

25% Tariff on Venezuelan Crude Oil – Targets political issues in Venezuela.

25% Tariff on Imported Automobiles & Auto Parts – Encourages domestic car production.

Reciprocal Tariffs – Penalizes countries that impose high tariffs on U.S. goods.

Economic Impact – Prices of electronics, clothing, and food may rise, hitting low- and middle-income Americans hardest.

International Reactions – Potential trade wars; Ireland expects job losses, while other nations consider retaliatory tariffs.

Negotiation Possibility – The Trump administration signals openness to adjustments based on global responses.