Impending US tariffs put up to 80,000 jobs and future tax cuts at risk, warns finance minister

'It could also mean we have to make changes in relation to taxation, because we have to prioritise the keeping of jobs and retention of the competitiveness of our economy,' he said

Finance minister Paschal Donohoe warned that, in the event of an economic shock, the Government would not be in a position to protect incomes in the same way as had been done in the pandemic.

Up to 80,000 jobs and future tax cuts are at risk if the US imposes tariffs on the EU in the next 10 days, the finance minister has warned.

The Trump administration and the EU have plans to each slap tariffs on goods from next Wednesday, a situation which Paschal Donohoe warned on Sunday could lead to significant impacts on the Irish economy.