Donald Trump's recent speech introduced significant tariffs, imposing a 20% levy on exports from the EU to the US and a 25% tariff on imported cars. While these tariffs raise fears about economic repercussions, Ireland appears largely unaffected for the moment, with critical sectors like pharmaceuticals escaping immediate tariffs. However, uncertainty remains as officials hint at potential future tariffs targeting pharmaceuticals and other industries. Discussions around the economic impact and resilience of Ireland's economy amidst these changes continue, highlighting the precarious balance of international trade relations in light of Trump's policies.
Trump's announcement imposed a 20pc tariff on EU exports to the US and a 25pc tariff on car imports, signalling aggressive trade policy changes.
For now, Ireland is insulated from tariffs on major exports like pharmaceuticals, which are crucial for its economy, but future tariffs loom.
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