Tariffs on US imports aim to ‘do the least harm’ to Irish economy – Paschal Donohoe

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Tariffs on US imports into the European Union will be designed to “do the least harm” to the economy, Paschal Donohoe has promised. Goods imported from the EU into the United States are now subject to a 20% tariff and next week the bloc will announce retaliatory measures. US President Donald Trump has said tariffs are necessary because America’s trade deficits have “led to the hollowing out of our manufacturing base; inhibited our ability to scale advanced domestic manufacturing capacity; undermined critical supply chains”. Advertisement On The Pat Kenny Show, the Minister for Finance reiterated the change will inevitably mean...