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The Indo Daily: Extra: Trump's tariff triumph - A bad loss for Ireland and a disaster for the EU

The Indo Daily: Extra: Trump's tariff triumph - A bad loss for Ireland and a disaster for the EU

The 10pc tariff that Starmer locked in with Trump means British exporters are now at a significant advantage relative to their EU rivals – something that will have real consequences and complications on the island of Ireland if it means Irish whiskey from Bushmills and Irish butter from Dromona are cheaper for US consumers.
When it came to the crunch, the EU lacked either the appetite or the cohesion to stare down Trump and test his willingness to risk a trade and markets meltdown.
That won't happen now, although prices will rise for Americans in the long run, an inevitable consequence of living behind high tariff walls, but that's a slow burner.
Instead, the US has come out the undisputed winner, imposing a 15pc tariff that will be ruinous for some European businesses and effectively close off the US market as a realistic or profitable place to do business for many other companies.
Today on The Indo Daily, Fionnán Sheahan is joined by Dónal O'Donovan, Group Business Editor with the Irish Independent – to break down the finer details of the deal, and to find out what implications it will have for Ireland's economy.
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