Donald Trump's 25pc tariff threat puts Irish exports of 72bn at risk as president says EU set up to 'screw' the US

President Trump has announced an intention to impose a 25% tariff on imports from the EU, claiming that the European Union was created to disadvantage the United States. This move is alarming to economists, especially in Ireland, who foresee significant negative impacts on European economies. Business leaders express growing concern about the confusion stemming from his statements, which they believe is already affecting economic stability and confidence. The proposed tariffs could exacerbate trade tensions and threaten economic recovery in a manner reminiscent of the 1930s Great Depression.

President Trump has threatened a 25% tariff on EU imports, arguing that the EU exists to harm the United States, a claim seen as confusing and misleading.

Irish economists warn the proposed tariffs could have catastrophic impacts on their economy, reminiscent of various protectionist policies that led to the Great Depression.

Business leaders are concerned that Trump's confusing statements are already impacting the economy, with potential negative effects on trade and investment in the US and Europe.

Read at Irish Independent