Government ministers will hear today how chemical and pharmaceutical exports from Ireland to the US could halve in the coming years.
That’s in the event of US tariffs being reciprocated by the EU.
Donald Trump is hoping a 25 per cent tariff on foreign goods arriving into America will lead to a US manufacturing boom.
The White House says the charges will be applied from tomorrow, to any country which has “treated the US unfairly”. Mr Trump has dubbed April 2nd ‘Liberation Day’.
Minister for Public Expenditure Jack Chambers is to give an update on the National Development Plan and will stress the importance of investment in capital projects in this year’s budget.
Last night, Enterprise Minister Peter Burke briefed party leaders on Ireland’s competitiveness, ahead of the tariff announcements.
In an interview with BreakingNews.ie, Fianna Fáil MEP Barry Cowen said the EU’s decision to delay counter-tariffs was a positive move.
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