Published 6 days ago • loading... • Updated 5 days ago

Potential threat of US tariffs ‘not as stark’ as 2008 crash – Irish minister

Irish ministers are concerned about potential double-digit tariffs on exports, especially in the pharmaceutical sector, according to Irish Premier Micheal Martin and Finance Minister Paschal Donohoe.
Finance Minister Paschal Donohoe warned that such tariffs could prevent the creation of 50,000 to 80,000 jobs in Ireland within the next four to five years.
Minister for Enterprise Peter Burke noted that tariffs on pharmaceutical products could be a double-edged sword, making medicines more expensive for U.S. Citizens.
The Irish Government is convening a trade forum to assess the potential impacts of tariffs amidst concerns over the future of the pharmaceutical sector in Ireland.

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The Journal

Lean Left

Irish economy must 'sharpen up' as 'huge uncertainty' surrounds looming US tariffs, says minister

Enterprise Minister Peter Burke said that the EU will take time to consider a “clever, well crafted but calm response” to the incoming tariffs.

6 days ago·Ireland

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RTÉ

Center

Burke: US tariff threat 'not as stark' as financial crash

The potential threat of US tariffs is "not as stark" as the 2008 financial crash, the Minister for Enterprise, Trade and Employment has said.

6 days ago·Ireland

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Evening Standard

+2 Reposted by 2 other sources

Lean Right

Potential threat of US tariffs ‘not as stark’ as 2008 crash – Irish minister

Enterprise Minister Peter Burke said pharma tariffs could be ‘a double-edged sword’ for the US administration.

6 days ago·London, United Kingdom

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Irish Times

Lean Left

Irish economy needs to ‘sharpen up’ in face of looming threat of trade war

Peter Burke downplayed the prospect of an immediate flight of pharmaceutical firms, but was concerned about investment decisions

6 days ago·Dublin, Ireland

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Business Plus

Opposition urged to ‘put shoulders to the wheel’ as US tariffs loom

Senior Government figures have told Sinn Féin and the Opposition to “put their shoulders to the wheel” when it comes to “defending Ireland’s economy from the most serious crisis it has faced since austerity”, write John Drennan and Ken Murray. In a message to the public, with 48 hours before the imposition of US tariffs and a possible global trade war on Wednesday, Taoiseach Micheál Martin said: “We have to stay calm and firm. “Serious decisions…

5 days ago

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