The article discusses the implications of President Trump's recent tariff announcements, imposing significant tariffs on goods exported from the EU to the US, including a 20% tariff on EU products and a 25% tariff on imported cars. While Ireland's pharmaceuticals remain exempt, challenges persist for traders due to Brexit's effects. Trump's radical approach threatens global trade norms established since WWII. Concern arises for Ireland, fearing economic repercussions as these tariffs reshape international trading dynamics, with the Taoiseach voicing disapproval of the justification for such tariffs.
"Our country has been looted, pillaged, raped, plundered. Taxpayers have been ripped off for more than 50 years. But it is not going to happen any more."
"The United States would charge a 34pc tax on imports from China, a 20pc tax on imports from the European Union, 25pc on South Korea, 24pc on Japan and 32pc on Taiwan."
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