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Ireland's Department of Finance and Economic and Social Research Institute Estimate Impact of Tariffs on Irish Economy

24 March 2025

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Ireland

Ireland's Department of Revenue has announced the publication of an economic analysis on the impact of tariffs on the Irish economy. --- Minister Donohoe notes the publication of analysis estimating the impact of tariffs on the Irish economy in the event of tariffs being introduced on transatlantic trade, Modified Domestic Demand in Ireland could fall by 1-2 per cent – relative to a no-tariff baseline – over the medium-term such a decline could trigger lower employment – again relative to baseline – over the medium-term the actual impact on both output and employment would depend on the scale and scope...