Tag Archives: US tariffs

Tánaiste and Minister for Foreign Affairs and Trade Simon Harris has welcomed the new EU–US trade framework announced today, describing it as a significant step in providing certainty for Irish exporters. The agreement confirms a single 15% tariff rate on EU goods entering the United States, including pharmaceuticals and semiconductors—sectors previously at risk of much higher duties under US Section …

Ireland’s economic fundamentals remain strong, according to Finance Minister Paschal Donohoe, who addressed mounting concerns over potential U.S. tariffs that could hit the European Union as early as August. While the minister expressed confidence in the country’s resilience, he cautioned that proposed trade penalties from the U.S. could pose serious risks to job creation and overall growth. Tariff Threat Looms …

On May 7, 2025, Taoiseach Micheál Martin met with European Commission President Ursula von der Leyen in Brussels to address escalating trade tensions between the European Union and the United States. The meeting coincided with the European Commission’s announcement of proposed countermeasures in response to recent U.S. tariffs on European imports. The U.S. administration, under President Donald Trump, has imposed …

The European Central Bank (ECB) is expected to lower interest rates by 0.25 percentage points later today, responding to the latest eurozone inflation data that indicates a steady decline in price growth. March saw a 2.2% year-on-year increase in inflation, slightly down from February’s 2.3%, bringing it closer to the ECB’s 2% inflation target. This trend strengthens the case for …

Minister for Finance Paschal Donohoe has confirmed that the Irish Government is not currently considering introducing a new wage subsidy scheme in response to the recent US tariffs imposed on European Union imports. Speaking on RTÉ’s This Week programme, Donohoe emphasized that the current situation differs from the Covid-19 pandemic and that broad wage subsidies, like those used during that …

Taoiseach Micheál Martin has reaffirmed that Ireland’s top priority is safeguarding jobs and economic stability, expressing confidence that the country will overcome the challenges posed by new US import tariffs. His comments came after US President Donald Trump announced a 20% levy on EU imports, igniting concern across European capitals and especially in Ireland due to the country’s heavy reliance …

Taoiseach Micheál Martin delivered a sobering message to his Fianna Fáil colleagues, warning that Ireland is on the brink of a major economic transformation triggered by looming US tariffs. His address, made just before Donald Trump’s announcement of a sweeping economic overhaul in Washington, cast a long shadow over the usual rhythms of Leinster House. Speaking to party TDs and …

Tánaiste Simon Harris has warned that Ireland’s pharmaceutical and chemical exports to the United States could be cut by as much as 50% over the next five years if the US proceeds with a proposed 20% tariff and the European Union imposes a reciprocal response. Currently, Ireland exports up to €58 billion worth of these goods to the US annually, …

Taoiseach Micheál Martin has confirmed that Ireland will make use of every available option—both within the EU framework and through direct engagement with the United States—to respond to new US tariffs expected to be introduced this Wednesday. The upcoming measures, dubbed “Liberation Day” by President Donald Trump, are anticipated to affect all countries, not just those with the largest trade …

Enterprise Minister Peter Burke has downplayed fears that potential US tariffs would trigger an economic crisis on the scale of the 2008 financial crash. While acknowledging the risks posed by looming US trade measures, he described the situation as serious but not catastrophic, emphasizing that Ireland’s economy remains in a strong position. The warning comes amid growing concerns that US …