Donald Trump announces sweeping 25% tariffs on all car imports

News Snapshot:

President Donald Trump resumed his on-off obsession with tariffs by announcing a 25 per cent tariff on all foreign made cars and trucks, effective for the rest of his administration. He also singled out Ireland’s pharmaceutical industry in forecasting the overall renaissance of American domestic manufacturing through his tariff policy. “We are going to be doing tariffs on pharmaceuticals in order to bring our pharmaceutical industry back,” Mr Trump said in the White House on Wednesday. “We don’t make anything here in terms of drugs, medical drugs, medicines. It’s in other countries- largely made in China, a lot of it...