ESRI study warns of ‘significant negative impact’ on economy from US tariffs and other protectionist measures
An ESRI study warns that US tariffs and protectionist measures could cost the Irish economy over €18 billion in lost trade, reducing GDP by 3.7% over the next five to seven years. The report considered various tariff scenarios, including unilateral and bilateral tariffs, as well as non-tariff barriers, all of which would negatively impact the Irish economy, particularly the traded sector, labor market, consumption, and public finances.
