Ireland is urging the EU to limit any potential retaliatory tariffs on American luxury goods, particularly in response to recently announced U.S. tariffs, to safeguard its agri-food exports. Tánaiste Simon Harris expressed concerns about the adverse impacts that including U.S. food and alcohol products in the retaliation could have on Ireland's export economy. Taoiseach Micheál Martin commented on the larger implications of sweeping tariffs, suggesting they could lead to global recessionary trends and affect foreign investment, and reported a projected drop in Irish exports worth €4bn to €6bn over the coming year.
Ireland's government is urging the EU to limit retaliatory tariffs on US luxury goods to protect its vital agri-food exports.
Taoiseach Micheál Martin expressed concern that high US tariffs could stimulate recessionary trends globally, affecting investment and economic stability.
Although 75% of Irish products sold to the US are currently exempt from tariffs, Ireland could face a €4bn to €6bn drop in exports.
Irish whiskey has a significant market presence in the US, valued at €420 million annually, making it crucial for Ireland's exports.
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