US tariffs on EU goods to hit Ireland's food and drink exports

Irish food and drink exporters will pay €91m more a year in taxes with new tariffs on EU goods entering the United States.

The Trump adminstration's new tariff regime came into effect last week.

A government study says Ireland will pay more per head of population than any other EU state, according to the Sunday Business Post.

The US published a list of EU goods being targetted with extra tariffs at the start of the month.

Irish butter, cheese and pork products are affected by the tariffs, along with cream liqueurs like Baileys.

Over half of that sum is on butter with exporters facing a bill of €48.5m.

The paper reports Kerrygold is going to increase its retail price to pay for the new import charges.