Trade war risks increased prices, slower growth and jobs impact, minister warns

Paschal Donohoe said the Irish Government is engaging with the EU and the US to avoid the imposition of tariffs (Cillian Sherlock/PA) -

An intense trade dispute between the US and the EU would risk increased prices, fewer new jobs and slower growth in the economy, Ireland’s finance minister has said.

Paschal Donohoe said that the growing uncertainty and risks to the economy mean it is “correct” to rule out a bumper package of cost-of-living supports which have featured in recent Irish budgets.