Tánaiste statement on latest EU-US trade developments

"I welcome that the EU Trade Commissioner Maroš Šefčovič and US Trade Representative Jamieson Greer met in Paris earlier today to advance EU-US negotiations. This is a positive step. Ireland’s consistent position remains that we need substantive, calm, measured and comprehensive dialogue with the United States.

"While we want to see an agreement, my department will continue to work actively across Government and with stakeholders to understand the impact of the US tariffs on Irish business, as well as preparing for EU rebalancing measures, if they are required.

"The government regrets the increase of US tariffs on steel imports from 25% to 50%, which came into effect today. This latest move by the US adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic.

"I wish to reiterate our full support for dialogue. The objective remains to reach a mutually beneficial agreement that includes reducing tariffs and non-tariff barriers, promoting economic security, as well as facilitating business opportunities and investment. At the same time, it is correct that the EU is doing preparatory work on a range of potential re-balancing measures, should negotiations fail."