Taoiseach Micheál Martin warns of potential 'secondary effects' on Ireland from new US tariffs on steel and aluminum imports, but says the EU will react only if necessary. Martin emphasizes the importance of the US-EU trading relationship and calls for a global approach to taxation issues.
Ireland may experience “secondary effects” from new tariffs imposed by US President Donald Trump, Taoiseach Micheál Martin has suggested. Amid reports that Mr Trump will announce even more tariffs imminently, the Taoiseach stated that Ireland and the EU cannot “react in advance of anything happening”.
Mr Trump has said he will impose a 25 per cent tariff on all steel and aluminium imports to the US, including from the European Union. The European Commission has branded the move “unjustified” and added that it will “react to protect the interests of European businesses, workers and consumers”. President Trump has also not ruled out applying broader tariffs to goods from the EU entering the US. When asked in Brussels about the new tariffs, the Taoiseach said: “More generally, we believe tariffs are not conducive to economic growth.” He continued: “But in respect of the specifics, obviously there will be some secondary effects in terms of Ireland perhaps, but not primary. The European Commission will be engaging with the US administration in respect of trade matters. There may be further developments on that front, but that remains to be seen.” Mr Trump withdrew the US from the Organisation for Economic Co-operation and Development tax agreement and has said that he will lower the US corporation tax rate in a bid to attract US businesses home. Mr Martin said Ireland believes there needs to be “a global approach to taxation issues”. He continued: “I think, more generally, the trading environment is an important one. The trading relationship between the United States and the European Union is particularly significant, one of the largest in the world. “It's important that we maintain that positive relationship, which creates jobs in the United States and, of course, creates jobs in the European Union, including Ireland as well.” Mr Martin said he has confidence in how the European Commission intends to engage with the US administration and that it is important “not to react in advance of anything happening”. He also argued that “in the modern world, trade is interdependent” and that the bloc will attempt to continue working with the US on trade. The Taoiseach also said that “this is not new”, and former US President Joe Biden also introduced “protectionist” measures.Join the Irish Mirror’s breaking news service on WhatsApp. Click this link to receive breaking news and the latest headlines direct to your phone. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don’t like our community, you can check out any time you like. If you’re curious, you can read our Privacy Notice.
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