Ireland is “now at a moment of major economic challenge”, according to Tánaiste Simon Harris.
He will tell the Cabinet that threatened trade tariffs of 30% by the US could have a significant impact on the economy and potentially lead to job losses occurring quicker than anticipated.
Speaking on his way into Government Buildings, Mr Harris said: “We’re going to have to pull together in the hours and days ahead as we try to navigate our way through the latest scenario in relation to trade tariffs.”
He said the impact of 30% tariffs would be “extraordinary”, adding that Ireland is working alongside its European partners to prepare for “every eventuality”.
“There were moments last week where I believe it was almost palpable that there was an agreement nearly in place, and really what needs to happen in the hours and days ahead is a renewed effort to arrive at an agreement that can protect jobs, can protect economic stability in Ireland, in Europe and in the United States.”
Read the full report on www.rte.ie
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