How the US-China trade war hits Ireland

The latest flare-up in the US-China trade war, heralded by what we now expect as the norm by way of a tweet from US president Donald Trump, was as unexpected as it was pointless.

Businesses across the US are being disrupted; US consumers are already paying more for their goods from the earlier round of tit-for-tat tariff increases; and now the weekend marked a further escalation.

US importers now face higher costs; US manufacturers in China face challenges in getting their goods back to their home market; while Chinese exporters have to pay a 25% tariff on good sold to US buyers.

Sign in or register for FREE to continue enjoying and to comment on our great range of opinion writers

Not a member yet? Register here

More on this topic

Difficult to count the true cost of a trade war

Laptop computers among Chinese goods targeted by US for new tariff hikes

Ireland ‘worst hit’ if US widens trade war front

China hits back in trade war with US

More in this Section

Just 7% of CEOs appointed in last year were women

'A bleak day for traditional retail' - Union says high rents to blame for shops closing

May's loosening grip on power sends sterling plummeting and sinks UK-exposed shares

New house builds ‘to peak at only 25,000’, says country’s largest housebuilder

More by this author

Criticism of exporters' attempts to seek out new markets is wide of the mark

Irish builders face cost hikes in UK materials

Irish food firms urged to seek EU regional status

Pharmaceuticals mask true health of Irish exports


Lifestyle

Literary couple among the authors at Listowel Writers' Week

LS Lowry in the picture

Angela Barnes will be tickling Kilkenny crowd at Cat Laughs

Ask Audrey: 'Rod Stewart is about as Scottish as a generous person with a nice set of teeth'

More From The Irish Examiner