IBEC call upon government to ‘act with urgency’ as tariffs confirmed by Trump
Print3 April 2025
Danny McCoy, Irish Business and Employers Confederation (IBEC), chief executive officer (CEO), released his statement in response to the tariffs introduced by Donald Trump.
Speaking on behalf of IBEC, McCoy, said: “We are deeply disappointed by the US Administration’s decision to impose 20% tariffs on exports from the European Union, particularly given the impact it will have on transatlantic trade and consumers.
“We now urge the Irish Government and the European Commission, to act with urgency to find a negotiated solution with the US administration.
“Government must also work with business to assess the potential consequences for the Irish economy resulting from the imposition of US tariffs and the likely EU response to these tariffs.”
Open and free trade
IBEC has called upon the government to advocate for a “proportionate” and “measured” EU response.
The confederation believes that open and free trade have been hugely beneficial to the economy, as Ireland, the EU and the US have all gained from the trading relationship.
IBEC is of the opinion that the new tariffs will have a net overall impact of roughly 2-3% in the short term.
© 2025, ShelfLife by Ryan Brennan
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