It was called ‘Liberation Day’, when Trump, holding up a low tech sign, handed out his tariffs. The Universal baseline tariff of 10%, reached heights for the ‘worst offenders – Europe 20%, China 34%. “The markets are going to boom, everyone wants to know how to make a deal. It is the new “golden age”
The following day Global markets have continued to fall after US tariff announcement.
Irish CEO Lilly The president wants manufacturing industry to re-shore. For a while industries like ours generation moved to the US. 70% of global R&D takes place in the US, but the production is heavily weighted outside the US, electronics and software the same. Trump is saying he wants both. It is a big moment, a pivot in US policy. It would be hard to go back from here. He was elected with a mandate to change the way the economy works. Not just the high end but the manufacturing.
The mirth comes from one of the countries was a landmass inhabbited only by Penguins: “Look, I love penguins. Everybody loves penguins. They’re wearing little tuxedos – very classy, very sharp. But here’s the thing – they’re not paying their fair share. Nobody talks about it!
Kalikellett 