'Very serious' developments coming as Trump's tariff announcement looms over Ireland 

The Irish stock market was down 1.8% in early trading on Monday ahead of Mr Trump's latest tariff announcement 

Mr Trump's tariffs are expected to be universal across all European exports into the US and to be in the region of 20%.

"Very serious" developments await in the pipeline with the next phase of US President Donald Trump's punitive tariff measures expected to be announced this week.

Speaking at the Cork Business Association (CBA) President's Dinner at the weekend, Taoiseach Micheál Martin said it was important to remain calm and determined ahead of Mr trump's latest tariff unveiling.