Business organisation expresses concern over US tarrifs

CEO of one of the country's largest business organisations and lobbying groups, Chambers Ireland, has expressed concern at the US’s latest tariffs.

The tariffs are on a wide range of imports from trading partners, which include those from the European Union.

Chambers Ireland CEO Ian Talbot said: “The United States remains Ireland's largest export market but today's announcement is another reminder that businesses are operating in an increasingly uncertain trading environment.

“With almost half of our goods exports destined for the United States, businesses need confidence that trading conditions will remain stable and predictable over the long term.

“The response from Ireland and the European Union must be to maintain strong trading relationships while expanding access to new markets and reducing reliance on any single destination.”

Talbot continued: “This development should provide renewed impetus for the EU to conclude and implement trade agreements with key partners. Progress on Free Trade Agreements, alongside negotiations with India, Indonesia and other growing economies, would expand market access for Irish businesses and help them build more resilient supply chains.

“With Ireland currently holding the EU presidency, there is a significant opportunity to unlock the full potential of the Single Market by reducing trade barriers and making it easier for businesses to benefit from access to a market of over 400 million consumers.”

Ian Talbot concluded: “Irish businesses are among the most internationally connected in Europe, and their ability to compete globally has a direct impact across the economy.

“Reducing the cost of business must remain a priority and open markets, rules-based trade and access to a broad range of export destinations are essential to achieving that. Expanding those opportunities will strengthen competitiveness and benefit businesses and consumers alike.”