Ibec forecasts 2%-3% short-term export impact from US tariff decision

Response similar to that rolled out for Brexit and the covid pandemic is needed

'Now is also the time to accelerate national and EU-level measures that enhance overall business competitiveness.'

Business group IBEC said it was deeply disappointed by the US decision to impose a blanket 20% tariff on European exports to the country.

CEO Danny McCoy urged the Irish Government and the European Commission to act with urgency to find a negotiated solution with the US administration.