The agreement of an outline trade deal between the EU and the US has one main advantage – it avoids an imminent tariff war between the two sides which could have gotten nasty.
However, sources say it will take some time to work out the full impact of the deal on Ireland. And there is no doubt that the EU has conceded on a number of points to the US and that this comes with some considerable economic cost. The argument from Brussels will be that this is a price worth paying.
We were joined on The Agenda this morning by Minister of State for European Affairs & Defence and Meath-East Fianna Fail TD, Thomas Byrne, to talk to us some more about this.
We were also joined by Managing Director of Boann Distillery in Drogheda, Pat Cooney, who says that if Irish whiskey is hit with 15pc tariffs, there will be a “serious” impact, as he calls on the Government to back “indigenous” business following Donald Trump’s trade deal with the EU.
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