The Irish Government is intensifying efforts to protect the national economy as Donald Trump prepares to announce sweeping tariffs within the next 48 hours. Officials fear these measures could deliver the most significant economic blow to Ireland since the 2008 financial crisis.
The expected tariffs are anticipated to apply universally to all European exports entering the United States, with rates reportedly around 20%. Even more concerning for Ireland is the likelihood of additional sector-specific tariffs targeting industries crucial to the Irish economy, particularly pharmaceuticals.
Government ministers are working urgently to develop contingency plans aimed at cushioning the impact on Irish businesses and protecting jobs. The action plan reportedly includes diplomatic initiatives, business support measures, and potential market diversification strategies.
Economic analysts warn that Ireland’s export-dependent economy is particularly vulnerable to these trade restrictions, with pharmaceutical and medical device exports representing a substantial portion of Ireland’s trade with America.
According to The Irish Examiner, Business leaders have called for unified European response mechanisms while expressing concern about the potential long-term implications for transatlantic trade relations and Ireland’s economic stability.