Tariffs would impose greater costs on households and businesses and would disrupt overall trade, Minister for Public Expenditure says
Minister for Public Expenditure Jack Chambers stated that Ireland faces "serious risks" to its economy if Donald Trump imposes 25% tariffs on EU imports, which would disrupt trade and increase costs for workers, families, and businesses. The Department of Finance is undertaking scenario planning to assess the potential impact and the government would look to mitigate these effects. While concerned, Minister of State Thomas Byrne cautioned against overreacting, and noted that tariffs would also harm US industry. Irish officials will engage with the Trump administration in Washington, D.C.
