Oireachtas Joint and Select Committees

Wednesday, 16 July 2025

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach

The Impact of Tariffs on the Irish Economy: Nevin Economic Research Institute

2:40 am

Dr. Tom McDonnell:

It was simply to the point alluded to by Deputy Doherty. The last thing we want is specific revenge targets, that is, tariffs on sectors like whiskey, butter and things that will be very price sensitive. That could do enormous damage to those particular sectors, and it will be the same in other European countries. To prevent that from happening, I would prefer that whatever strategy we pursue, it would simply be a general tariff across the board rather than, in a way, expanding the trade war to potentially new sectors, which he then ramps up. That would be the logic there.

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