Trump will maintain that, for the US, the short-term cost will lead the US, in time, to a new era of prosperity. Unfortunately, the rest of the world will pay the price too, including Ireland with its significant reliance on US trade and investment, which stands particularly exposed to the economic war that now looks inevitable. While Ireland may push the case for EU negotiations with the US and a measured response, the prevailing view is likely to be that a firm reply is needed via tariffs on US products going into Europe – and possibly further measures beyond that aimed at US firms in the EU.
Published at: 2025-04-02 22:18:00
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