US President Donald Trump is set to proceed with his proclaimed “Liberation Day” by announcing sweeping tariffs. Photograph: Andrew Harnik/Getty ImagesAs the EU braces for the announcement of tariffs by the Trump administration today, fears are growing in the Irish Government about possible EU retaliation against US tech companies based in Ireland. Senior Government sources acknowledge that the potential EU measures would cause difficulties for Ireland, which is home to many of the US tech companies’ European headquarters, and where they pay tax on much of their EU business. A string of economic studies have shown that Ireland is the EU state most exposed in the event of such as trade war. A particular concern in Dublin is that the EU could decide to hit the activities of big US tech companies operating in the US.

Source: The Irish Times April 02, 2025 18:31 UTC