Donald Trump’s EU tariffs will impose serious costs on families and businesses and negatively impact everyone involved, Jack Chambers has said.
The public expenditure minister warned that Mr Trump’s imposition of 25% tariffs on EU exports to the US would have negative consequences for Ireland’s economy.
“Deglobalisation, the imposition of tariffs, all represent risk going forward in the short to medium term,” Mr Chambers said.
“It will have significant disruption to well-embedded supply chains transatlantic in nature between Ireland, Europe, and the US, and will impose serious costs on workers, families and businesses, both in the European Union but also in the US.”
The department of…