'We are in uncharted territory' - Taoiseach Micheal Martin issues warning as Ireland braces for global trade war and possible 'fundamental change' to economic model

Taoiseach Micheál Martin expressed concerns regarding Ireland's economic stability as the US approaches a significant trade decision on April 2, which could introduce tariffs on European goods. This move is seen as potentially leading Ireland into "uncharted territory," fundamentally altering the nation's economic model. Concurrently, Ryanair CEO Michael O'Leary stated that such tariffs would be "doomed to fail," suggesting that the economic repercussions could provoke retaliatory measures that would impact both the US and Europe.

Micheál Martin emphasized the need for Ireland to remain "calm and firm" as it faces potential new tariffs from the US, warning of significant economic changes ahead.

Michael O'Leary criticized the US president's tariff strategy, asserting it's "doomed to fail" and may lead to retaliation impacting both sides of the Atlantic.

Read at Independent