Statement from the Tánaiste on latest developments on trade and tariffs
- Published on: 8 May 2025
- Last updated on: 8 May 2025
The European Commission this morning (8 May) has published a new list of potential counter measures in response to the US decision to levy a blanket tariff of 10% on the EU as well as a tariff of 25% on the automotive sector. The list will be subject to a four week consultation period.
The Government will be analysing the list over the coming days and is committed to engaging with stakeholders, including through the Government Trade Forum.
Speaking this morning, the Tánaiste said:
“The Government supported the suspension of the EU’s previous package of countermeasures in relation to steel and aluminium. This has helped create important space for negotiations.
“These negotiations remain the main focus for both the EU and Ireland. The Commission is fully engaged in discussions with the US. A negotiated solution remains very clearly the goal and the preferred outcome. I strongly support this position. This is also the message I have been delivering in all my bilateral contacts with both the US and EU partners.
“At the same time, I understand the need for the EU to undertake further internal preparations in case negotiations are unsuccessful. This is a sensible and measured approach. It is really important to stress that these measures will not be implemented immediately. There will be a four week consultation period during which the Commission will be seeking the views of Member States as well as of business and other stakeholders in Europe.
“The proposed package is valued at around €95-€100 billion and covers a range of sectors. The list has just been published and we will be analysing it over the coming days.
“I am committed to working with stakeholders, including through the Government Trade Forum, to understand the potential impact of these countermeasures on Ireland. As we have done in the past, we will communicate Irish specific concerns to the Commission.
“I remain in close contact with Commissioner Sefcovic. I will also be continuing my outreach both with the US and with EU colleagues and I am planning to speak with key partners in the days ahead."