Government scrambling to avoid recession as fund to help businesses hardest hit by US trade war established
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: PAGabija Gataveckaite, Wayne O'Connor, Sean Pollock and Niamh HoranToday at 06:30The 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.
