Several medium-sized Irish drinks firms are contemplating withdrawing “hundreds of thousands” worth of planned US investment following President Donald Trump’s imposition of 15% tariffs on EU and Irish goods, with some companies already scaling back hiring plans for American sales representatives. The Irish Whiskey Association reports multiple small to medium enterprises are reassessing their US … Read more
The European Central Bank is widely anticipated to hold interest rates steady today, marking the first pause in a cutting cycle that began in September as policymakers await clarity on potential US trade tariffs. A decision to maintain rates would end eight consecutive cuts that brought the ECB’s benchmark deposit rate down from a peak … Read more
Tánaiste and Trade Minister Simon Harris is set to warn cabinet colleagues this morning that US President Donald Trump’s threatened 30% tariff on EU goods could accelerate potential job losses in Ireland, as the government pledges full support for continued EU negotiations. Harris will inform ministers that current economic projections indicate a serious negative impact … Read more
The European Union is prepared to respond decisively to US President Donald Trump’s threat of 30% tariffs on European imports, with Irish Commissioner Michael McGrath warning the bloc’s reaction will be “firm, quick and robust” if negotiations fail. Trump has threatened to impose the hefty tariffs on EU and Mexican products from August, warning of … Read more
The European Union’s trade chief has emphasized the bloc’s commitment to securing a trade deal with the United States based on “mutual respect” rather than threats, following dramatic escalation by President Donald Trump in their ongoing trade standoff. Trump significantly raised the stakes yesterday by threatening to impose a 50% tariff on EU goods, complaining … Read more
US President Donald Trump has escalated his trade war rhetoric, threatening to impose a 50% tariff on European Union goods from June 1st while also targeting Apple with potential 25% penalties over iPhone manufacturing. In a Truth Social post, Trump declared that tariff negotiations with the EU are “going nowhere” and announced he is “recommending … Read more
Ireland could lose approximately 25,000 jobs over the next year if President Donald Trump maintains his 10% tariffs on European products, according to a stark warning from the Department of Finance. Speaking at the Global Ireland Summit, Taoiseach Micheál Martin cautioned that even if current trade disputes are resolved, the international trade landscape has fundamentally … Read more