Washington – Micheál Martin 200% retaliatory tariffs About European wine and alcohol.
Tariffs are the response to the EU Anti-promotion The initial opposition to Mr. Trump Steel Hiking.
“At the moment, I think that’s a lot of uncertainty,” Martin said in an interview with CBS News on Thursday. “Overall, tariffs have hurt trade, damage to businesses, but also harm consumers because they can cause prices for consumers to rise. Either way, I don’t think it’s good. So we hope these things will settle in a fulfilling time and can be negotiated, trade negotiations, able to land with people that have nowhere to accommodate people.”
Martin said Mr Trump was “very aware of the surplus of goods owned by Ireland, especially through the pharmaceutical problem.”
“But if you put your services in it, Ireland will certainly have a deficit,” he said.
Martin described the economic relationship between the United States and Ireland as a “two-way street” and touted his country’s investment in the United States, including more than 700 Irish companies, which he said were responsible for creating more than 50,000 jobs in Martin, and also highlighted that Air Ireland had recently ordered more than 400 Boeings.
He said the Irish-owned company was “the biggest buyer of Boeing aircraft outside the United States” when it purchased 150 Boeing aircraft last year with another Irish company, AERCAP.
“In the absolute worst case, tariffs have increased by 25% overall, and both sides are a huge amount – the Boeing 787, with the price going up $40 million,” AERCAP CEO Aengus Kelly said on CNBC on Wednesday. “No one will pay.”
If Trump’s tariffs apply, European companies may buy European companies’ Airbus planes.
When asked about his meeting with the president at the White House on Wednesday, Martin described them as “an active meeting”, celebrating “historical relationship between the two countries.” He called Mr. Trump a “kind host” who had feelings for Ireland.
“He likes Ireland. He has investments in Ireland,” he said, adding that Mr. Trump from the New Yorker showed he “has a lot of experience with Irish Americans.”
FinGómez
