Ireland has cautioned the EU about imposing broad tariff counter-measures in response to U.S. tariffs, specifically focusing on luxury goods to protect its agri-food sector. Tánaiste Simon Harris expressed concerns that including U.S. food and drinks in retaliatory tariffs could harm Irish exports, particularly given the success of Irish whiskey and dairy products in the U.S. Taoiseach Micheál Martin also warned that high U.S. tariffs might lead to global recessionary trends, affecting overall investment. Employers' group Ibec highlighted that tariffs could still result in a €4bn to €6bn decline in exports despite existing exemptions.
Ireland is urging the EU to limit retaliatory tariffs on American goods, specifically targeting luxury items to protect its agri-food exports from devastation.
Tánaiste Simon Harris cautioned that EU tariffs on US foods could have disastrous effects on Irish exports, particularly in the agri-food sector.
Taoiseach Micheál Martin warned of potential recessionary effects from high level tariffs by the US on a global scale, impacting investment.
The employers' group Ibec noted that even with exemptions, the tariffs could lead to a significant drop of €4bn to €6bn in Irish exports.
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