#tariffs

#tariffs

"Just listen to what the great U.S. President Ronald Reagan, had to say about countries that impose tariffs: 'Markets shrink and collapse, businesses and industries shut down and millions of people lose their jobs.' That's what we risk in the U.S. and Canada if we don't get back to working together."

Cork-based indigenous pharmaceutical manufacturing companies have said that they are now having to establish new plants in the United States in a bid to protect jobs at home, in light of Donald Trump's ongoing aggressive tariff policy.

When tariffs started increasing last year, some of my founder friends were able to source materials from Vietnam or Mexico, but shifting production wasn't a practical option for us.

Our industry thrives in a zero-for-zero tariff environment. While distillers recognize the administration's efforts to address trade imbalances, the provincial bans have been especially damaging.

"Having lost the battle on IEEPA, the President now dusts off a separate statute: Section 122 of the Trade Act of 1974, which is another statute that has never been used to impose tariffs."

In 1975, bananas cost 23.2 cents per pound, which would be $1.46 in 2026 money. As of March 2026, the average price of bananas is about 66 cents per pound.

"We're having to cut off projects that we really want to do," said Cox, who lives with his wife in Charleston, South Carolina.

Both companies face shared headwinds: reciprocal tariff impacts running at roughly 5 percentage points of margin pressure, softening European demand, and a fiercely competitive solar inverter market.