The Tánaiste has urged for composed and constructive discussions on trade after a U.S. court blocked Donald Trump from enforcing broad tariffs, reports Breaking News.
The decision by the New York-based Court of International Trade followed a series of legal challenges that claimed the former U.S. president had overstepped his powers, made trade policy unpredictable, and created economic turmoil.
The Trump administration is expected to challenge the ruling, reports Breaking News.
While tariffs generally need approval from Congress, Mr Trump contends that the country’s trade deficits pose a national emergency, giving him authority to act independently.
Ireland’s deputy prime minister and foreign affairs minister, Simon Harris, emphasised that “calm and measured dialogue” is the most effective way to address trade disputes between the EU and the United States.
“We note the ruling of the US Court of International Trade in relation to tariffs and also the fact that this ruling is being appealed,” Mr Harris said, reports Breaking News.
“I want to stress the position once again today that what is required now is for both sides, the EU and the US, to engage in calm and measured dialogue, and to do so in good faith. The continuing uncertainty over tariffs is the source of serious concern for businesses, here in Ireland but also across the EU and the US,” reports Breaking News.
“Businesses that are concerned about their cost base, their workers, and their plans to invest. We will continue to monitor the implications of the court decision in the US while keeping our main focus on the negotiations at hand,” reports Breaking News.
The comments come after Mr Trump announced a delay to his proposed 50% tariffs on the EU, following what he described as a “very nice call” with European Commission president Ursula von der Leyen.
Back in April, Mr Trump introduced a 20% tariff on EU imports to the U.S., which he later cut to 10% until July 9th to allow room for negotiations with Brussels on a potential deal, reports Breaking News.
On Friday, the former president said talks had stalled and recommended that the 50% tariff rate begin on June 1st.
However, he reversed course on Monday, claiming Ms von der Leyen had asked him during a phone call to postpone the implementation date, reports Breaking News.
Earlier this week, Taoiseach Micheál Martin stated that tariffs are “not good for our economy.”
He added: “It’s absolutely important that we can get a realistic and reasonable deal between Europe and the United States to help consumers, to help citizens across the world,” reports Breaking News.
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