Oireachtas Joint and Select Committees

Tuesday, 8 July 2025

Committee on Budgetary Oversight

Engagement with the Central Bank of Ireland

2:00 am

Mr. Vasileios Madouros:

My colleagues might correct me if I am wrong but I think in the context of the tariffs in the US at the moment, subject to the sectoral exemptions they would also apply to intermediate goods. I know there are other types of exemption now. One of the reasons you see that is had those tariffs had been there for the very integrated supply chains between the United States, Canada and Mexico, it would have been very problematic. Intermediate goods would then be incorporated. The value of intermediate goods would be different to the value of final goods but the tariff supply in the context of the US includes intermediate goods too.