ESRI warns of significant impacts to trade and GDP in the case of US protectionist policies [Video]

LAST UPDATE | 10 hrs ago

A NEW PAPER published today by the Economic and Social Research Institute (ESRI) outlines the potential impacts of protectionist economic policies coming from the United States. 

With President Donald Trump threatening sweeping tariffs on goods imported from the European Union, the ESRI has said those levies would have a significant negative impact on the Irish economy. 

The Central Bank issued the same warning in its first bulletin of the year, and cautioned that the threat of tariffs “presents a very different landscape for the Irish economy” than has existed in recent years.

Trump has already imposed tariffs on US neighbours Canada and Mexico, as well as China. The US has also imposed a global 25% tariff on steel and aluminium. 

During Taoiseach Micheál Martin’s visit to the White House last week, Trump said he didn’t want to “hurt” Ireland but that he would be imposing tariffs on the EU, of …