The meeting is to decide a response to America’s tariffs.

The Tánaiste will join EU trade ministers in Luxembourg today to decide a response to America’s tariffs. Stock markets fell into the red this morning, feeling the full weight of the US President Donald Trump’s international taxes on foreign imports.

Wall Street bank JP Morgan is forecasting a 60% chance of a US and global economic downturn. Simon Harris says it’s a time for “calm heads.”