Tánaiste Simon Harris has raised alarms over potential EU retaliatory tariffs targeting US food and drink, warning of dire consequences for Ireland's dairy and spirits industries. Following Donald Trump's announcement of a 20% tariff on EU goods, Ireland is lobbying against including US brands like Jack Daniel's whiskey in retaliatory measures. Taoiseach Micheál Martin echoed these concerns, citing possible global recessionary impacts. Employers' group Ibec suggested that while some Irish products are exempt, tariffs could still reduce Irish exports to the US by €4bn to €6bn next year, highlighting the importance of the US market for Irish whiskey and dairy products.
Tánaiste Simon Harris has warned that retaliatory tariffs on US food and alcohol could drastically impact Ireland's economy, specifically its dairy and spirits industries.
Micheál Martin emphasized that high-level tariffs worldwide could lead to recessionary trends, dampening investment globally and adversely affecting Ireland's economic stability.
Employers' group Ibec cautioned that despite current exemptions, the potential tariffs may cause a €4bn to €6bn drop in Irish exports to the US.
Irish whiskey, with an annual market value of €420m in the US, alongside cream liqueurs and beers, forms a significant part of Ireland's export portfolio.
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