It is less than a week since the government published its summer economic statement, using an assumption of no tariffs
The government must publish an updated summer economic statement following this evening’s 15% tariff deal between the EU and the United States, according to Social Democrats finance spokesman Cian O’Callaghan.
“I welcome that a deal has been done which avoids a catastrophic trade war. However, there is much that is still unclear about what has been agreed. What is beyond doubt, is that a 15% tariff rate will be very damaging for many Irish businesses.
“It is less than a week since the government published its summer economic statement, using an assumption of no tariffs. This was despite the dogs on the street being aware that a 10% tariff rate was the best possible outcome.
“The government must now publish an updated summer economic statement which outlines the impact of a 15% tariff rate on the national finances and the budgetary calculus.”