US tariffs on world-wide scale could create recessionary trends, Taoiseach says

Taoiseach Micheal Martin (left) and Michael McGrath (right), EU Commissioner for Democracy, Justice, the Rule of Law and Consumer Protection, during a press conference following their meeting at Government Buildings in Dublin (Brian Lawless/PA) - (PA Wire)

The imposition of US tariffs on a world-wide scale and at a high level could create recessionary trends across the globe, the Irish premier has warned.

Micheal Martin said he is concerned about the impact on investments and jobs in Ireland, the EU and across the world, saying investors will keep their head “below the parapet” until the fallout over US tariffs settles down.