Concerns have emerged in Ireland regarding potential US tariffs as Commerce Secretary Howard Lutnick criticized Ireland's trade surplus with the US. This comes as President Trump plans to enforce reciprocal tariffs aimed at balancing trade. Irish officials, including Tánaiste Simon Harris, downplayed the threat of a trade war, emphasizing that retaliation isn't preferred. Trump highlighted his desire to repatriate pharmaceutical and microchip manufacturing, which are vital to the Irish economy, indicating that Ireland could be significantly affected if tariffs are imposed.
While taking questions afterwards, Mr Trump specifically mentioned his intention to bring pharmaceutical and microchip manufacturing back to America - two areas upon which Ireland is heavily reliant, with US multinationals based here.
I've decided for purposes of fairness that I will charge a reciprocal tariff... No other country can complain.
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