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Ireland faces disproportionate hit from tit-for-tat Trump tariffs, study says


Published on 2025-03-20 20:40:49 - Reuters
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  • Ireland's domestic economy could be up to 1.8% smaller than it otherwise would be by 2032 if permanent 'tit-for-tat' tariffs are introduced between the United States and European Union, a study co-authored by the finance ministry showed on Friday.

The article from MSN discusses a study by the Economic and Social Research Institute (ESRI) which highlights that Ireland could be disproportionately affected by potential retaliatory tariffs from the United States in response to the European Union's carbon border adjustment mechanism (CBAM). The study suggests that if the U.S. imposes tariffs on EU exports, Ireland's economy, particularly its agri-food sector, would face significant challenges due to its heavy reliance on exports to the U.S. market. The analysis points out that while the EU's CBAM aims to level the playing field by taxing carbon-intensive imports, it might provoke trade retaliation from countries like the U.S., which could lead to economic repercussions for Ireland. The study underscores the need for Ireland to diversify its export markets and prepare for potential trade disruptions.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/other/ireland-faces-disproportionate-hit-from-tit-for-tat-trump-tariffs-study-says/ar-AA1BloxL ]