Coalition scrambling to avoid recession as jobs and businesses in the firing line
Donald Trump claims he will impose a 30pc tariff on goods from the EU from August 1. Photo: PA
Gabija Gataveckaite, Wayne O’Connor, Sean Pollock and Niamh Horan
Today at 06:30
The Government is planning to do “everything it possibly can” to avoid a recession, as the Sunday Independent can reveal details of a new fund for those Irish businesses worst affected by US tariffs.
With US president Donald Trump pushing to impose a 15pc minimum tariff rate on all EU goods, the Government is now bracing for “quite stark” impacts on the Irish economy — even if the new rate is lower than the “devastating” 30pc tariffs Trump previously floated.