Following US President Donald Trump's announcement of a 90-day pause on most tariffs, he hinted at future tariffs on pharmaceuticals. Ireland, heavily reliant on US pharmaceutical firms, is urged by Tánaiste Burke to prepare for ongoing tariffs. His strategy includes implementing the Ceta agreement with Canada, exploring free-trade agreements, establishing forums to address business costs, and discussing ways to enhance industrial policy. Key initiatives involve infrastructure investment, R&D, energy reform, and diversifying markets through expanded trade missions, particularly to the EU, Canada, and Asian nations.
The Tánaiste indicated that Ireland would need to prepare for a persistent tariff environment, emphasizing the importance of competitiveness measures moving forward.
Mr Burke's plan for economic competitiveness involves short-term actions, such as implementing new free-trade agreements and accelerating tax and spending discussions.
Collection
[
|
...
]