Markets rallied Monday afternoon on reports that President Donald Trump’s wave of April 2 tariffs may be more targeted than initially anticipated. Trump’s so-called “Liberation Day” announcement will unveil sweeping reciprocal tariffs on other nations,

President Donald Trump has announced that the 200% tariffs, which are supposed to go into effect on April 2, will no longer apply to certain items. It was reported that the tariffs would likely omit a set of industry-specific tariffs while applying reciprocal levies on a targeted set of nations.

“April 2nd is Liberation Day in America!!!” Trump wrote on Truth Social. “For DECADES we have been ripped off and abused by every nation in the World, both friend and foe. Now it is finally time for the Good Ol’ USA to get some of that MONEY, and RESPECT, BACK. GOD BLESS AMERICA!!!”

Up to 80,000 jobs in Ireland are in jeopardy from President Trump’s threat of ‘significant’ tariffs on EU goods, Finance Minister Paschal Donohoe warned yesterday. The tariffs are expected early next month in spite of EU efforts to prevent them.

President Donald Trump indicated Monday that he could announce new tariffs on imported cars as soon as this week, as his administration works toward a larger "reciprocal tariff" package hitting a broad swath of countries on April 2.