Dr. Thomas Conefrey:

It really depends on what is announced next. We have seen past episodes where tariffs have been introduced by various countries on each other that things like that arise. We have tariff-hopping where products are moved around to try to avoid things. We really do not know until we see the details of what is announced. The point, as was made earlier, is that some kind of mitigants may eventually be worked out but on the whole this is a negative for overall trade. Tariffs reduce overall trade flows, notwithstanding that you may see some kind of transactions like the Cathaoirleach outlined emerge depending on the exact details of the implementation of the tariffs.