The impending US tariffs, set to be announced, are predicted to create severe challenges for Irish businesses, with experts comparing the potential fallout to 'Brexit multiplied'. More than 950 Irish-owned firms currently engage in exporting goods to the US, which comprises a significant number of small and medium-sized enterprises (SMEs). This situation has raised alarms about both immediate and long-term consequences for various sectors, highlighting the critical need for businesses to prepare for the financial and operational strains these tariffs may cause.
The upcoming US tariffs are expected to be significant, with sources stating they could result in consequences for Irish businesses akin to 'Brexit multiplied', impacting various sectors.
Currently, more than 950 Irish-owned enterprises export to the US, including hundreds of SMEs, highlighting the vulnerability and interconnectedness of these businesses in light of new tariffs.
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