President Trump proposed an "External Revenue Service" that could collect billions from foreign countries forced to pay new tariffs, following a "Liberation Day" event where he imposed steep tariffs on China, the EU, Vietnam, Taiwan, and many other countries. He announced tariff rates ranging from 20% to 46%, saying it's a historic day for the country.

CNBC's Jim Cramer criticized President Trump for tanking the stock market, calling him "the one man standing in the way of a great economy." He compared Trump to Jimmy Carter, a one-term president known for high inflation, saying Americans will eventually vote out Trump just like they did with Carter. Cramer noted that the administration's new tariff plan is set to be unveiled, sparking uncertainty, and recalled his own mistake in 2008 when he advised viewers not to worry about Bear Stearns before its collapse.

President Trump stated that he "couldn't care less" if car prices rose in the United States. This comment was made in response to concerns about the impact of tariffs on auto imports from countries like Japan and South Korea. Trump's statement suggests that his administration is willing to impose costs on American consumers in order to achieve its trade goals, despite potential economic consequences for domestic industries and individuals.

Ireland is expected to be among the hardest hit countries by Trump's proposed tariffs on $200 billion worth of Chinese goods. The country's economy relies heavily on US trade, and tariffs could have a significant impact on industries such as pharmaceuticals, medical devices, and technology companies. Ireland is also home to many multinational corporations, including Google, Facebook, and Apple, which could be affected by the tariffs.