“EU Must Be Careful In US Tariff Talks” Warns Irish Minister
Minister for Public Expenditure Jack Chambers has cautioned that the European Union needs "to be careful about what we put on the table" during tariff negotiations with the United States. Speaking on a program, Chambers emphasized that lowering tariffs between nations has been fundamental to decades of economic prosperity. "We want to preserve the extent of the interdependence that exists between Ireland and the US," he stated. The Minister's remarks follow US President Donald Trump's decision on Wednesday to pause tariffs on dozens of countriesโincluding Irelandโfor 90 days, allowing time for officials to negotiate with countries seeking reductions. Despite this temporary reprieve, a 10% blanket duty on almost all imports remains in effect. In contrast, the tariffs on Chinese goods were not paused but instead increased dramatically to 145%. Chambers acknowledged the unpredictability of future tariff developments, particularly regarding pharmaceuticals, […]