Enterprise minister says Trump can 'change his narrative quite quickly' on tariffs

Markets have reacted very negatively towards US tariffs on Canada and Mexico

Enterprise minister Peter Burke said the Irish Government is working closely with other EU members to be ready to respond if the US imposes tariffs on Europe. 

With Donald Trump expected to announce tariffs on the EU, enterprise minister Peter Burke has claimed the US president can “change his narrative quite quickly” and is open to negotiations when it comes to the issue of tariffs.

This comes after the US imposed a 25% tariff on imports from Mexico and Canada as well as increasing the tariff on China to 20%. Financial markets have reacted very negatively to the tariffs and are signalling that the risk of a recession is growing due to uncertainty and indicators of economic weakness spreading fear across Wall Street.