This means planning for how to react is difficult for Ireland – and for the EU as a whole. Ireland, as a small trading nation heavily reliant on US trade and investment, is particularly exposed. Senior Government Ministers have been correct to try to prepare the public and businesses for the prospect of significant economic cost. Central to this will be whether we are facing a short if disruptive period of trade tensions, or something more prolonged and fundamental. A worrying period lies ahead and it is difficult to see the economy emerging without some significant damage.

Source: The Irish Times March 24, 2025 08:25 UTC