Alicia García Herrero, Rory Montgomery, Matt Moran - 5th of September 2024

'Trump’s tariffs: the implications for transatlantic trade'

America has soured on free trade and globalisation. Disruption to transatlantic trade is a major near-term risk for the Irish economy, as the biggest per capita goods exporter to the US among EU members. One of the candidates in November’s US presidential election has promised across-the-board tariffs of at least 10% on all imported goods. Such a measure would almost certainly result in retaliatory measures by the European Commission, which has exclusive competence over EU members’ international trade policy. In this edition of IIEA Insights, Alicia García Herrero, Rory Montgomery and Matt Moran examine the implications of these tariffs on transatlantic economic and security relations.

Alicia García Herrero: Chief Asia Pacific Economist at Natixis bank and a Senior fellow at Bruegel think tank.
Rory Montgomery: former Permanent Representative of Ireland to the EU, among others senior diplomatic roles.
Matt Moran: former head of Ibec’s Biopharmachem Ireland and currently a consultant in that industry.