Aubrey McCarthy (Independent) | Oireachtas source

I note it has already been mentioned by Senator Ahearn, but I wish to address the very real concerns facing Irish businesses with the news overnight regarding US President Donald Trump’s threat to impose a 25% tariff on EU goods. If these tariffs are enacted, it would have severe consequences for Irish exports, Irish jobs and our economy as a whole. The United States is one of our most important trading partners, with Irish companies exporting billions in pharmaceuticals, agrifood products and technology to the US. A sudden hike in tariffs would not only make our goods more expensive in the American market but it would also lead to job losses at home.

The EU has already signalled it is ready to respond, but this could potentially escalate a trade war that Ireland, as a small, open economy, cannot afford. Are we prepared for this? Have we assessed the risks to our industries, our workers and our economic stability? The Government must take immediate action to mitigate potential damage and engage at the highest diplomatic levels, supporting the affected sectors and ensuring Irish business can adapt to the changing global conditions.We cannot afford to be passive on this. We must now act to protect our economic interests and the livelihoods of thousands of Irish people.