Eire’s Taoiseach Micheál Martin will journey to the White Home subsequent month to have a good time St. Patrick’s Day with the US President.
Whereas the 2 international locations share shut cultural ties, one main disagreement will grasp within the air.
The worth of Irish items despatched to the US was €72.6 billion in 2024, a 34% improve in comparison with the earlier yr.
Imports of products from the US to Eire, in the meantime, amounted to €22.5bn.
Such a surplus has left Eire – together with different European nations – within the crosshairs of the brand new US administration.
President Trump views such a buying and selling construction exploitative, though economists argue it’s partly linked to sturdy home consumption within the US.
One looming menace for the EU is a 25% tariff on items despatched throughout the Atlantic, a coverage not but confirmed.
As leaders search to keep away from such a conflict, some have extra to lose than others.
“Relative to the opposite EU international locations, Eire is extra uncovered to tariffs as a result of it exports proportionately extra to the US,” Supriya Kapoor, affiliate professor of finance at Trinity School Dublin, instructed Euronews.
“This can be a very tough path that Europe must strategically tread.”
Watch the complete interview above.
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