Bombshell call for a 50pc tax has led to growth slowing alreadyEU Commissioner Michael McGrath said a trade war would be “devastating” to both economies
Trump agrees to delay 50% tariffs on EU imports until July 9
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Growth in the Irish and world economies are already slowing, even if we escape the full impact of Donald Trump’s trade war, according to a new economic report from AIB.
Global uncertainty over trade tensions and tariffs is expected to slow growth this year and next, with the risks heightened by the American president’s bombshell threat on Friday to slap a 50pc tariff on all EU goods sold into the US.
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