Ireland will take a “step-by-step” approach in response to any trade tariffs imposed on the EU by US President Donald Trump, the Taoiseach has said. Micheal Martin said the detail of individual moves made by the White House would be key, but he reiterated his view that tariffs posed an economic risk that could prompt a spike in inflation.
Mr Martin is expected to meet President Trump in the White House next month as part of the Irish premier’s traditional round of political engagements stateside to mark St Patrick’s Day. The Taoiseach met with Ukrainian president Volodymyr Zelensky at Shannon Airport in the west of Ireland on Thursday.
Mr Zelensky stopped off in Ireland en-route to the United States for his own meeting with Mr Trump on Friday. Speaking to reporters afterwards, Mr Martin was asked about President Trump’s threatened 25% tariffs on certain EU goods and how he would approach the issue when he meets the US leader.
“We’ll take it step by step,” he said. “As I said, I think the detail of every proposal is the key here. Ireland is a small, open economy. “In our view, free trade has created a rise in prosperity over the last 30 to 40 years that’s unprecedented in world history.
“It’s our view, and the view of the European Union, that tariffs can damage economies, can cause an inflationary spiral and increased prices for consumers.”. Mr Martin stressed that Ireland had a “wonderful relationship” with the United States.
“It’s an historic one, it’s very important to Irish people, to the Irish diaspora in the United States, over 30 million,” he added. “And we have a very extensive footprint across the US – diplomatically, economically. I mean, in the most recent statistics Ireland is the sixth largest investor into the US, which is an extraordinary figure. But that’s the level of Irish investment into the US, the jobs we create in the US.
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