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Evening Standard

Politics

Cillian Sherlock

Irish businesses predict multibillion-euro loss in trade under Trump tariffs

European Union Donald Trump United States Euro Micheal Martin IBEC Ireland Howard Lutnick Harris Jack Chambers

New US tariffs on the EU will cover 25% of Ireland’s American exports and could result in multibillion-euro losses euro in trade in the short term, according to a major Irish business group.

Ireland falls under the sweeping 20% tariff imposed on most EU exports to the US which was announced by President Donald Trump on Wednesday and will come into effect in the coming days.

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