📋 Tender Overview
Introduction
Ceann Comhairle, Deputies:
Thank you for this opportunity to address Dail Eireann today on the issue of tariffs - an issue which is now dominating the economic landscape and the news headlines.
It is safe to say that a tit-for-tat trade-war is a major challenge for the global economy right now and casts a dark shadow over prospects for the Irish economy. Tariffs, to put it simply, are taxes on consumption and investment and are unambiguously negative for economic growth.
In terms of framing last weeks announcement, it marks the intensification of a dynamic that has been underway for some time. Im referring to de-globalisation and the observation - supported by mounting data and evidence - that global economic activity is becoming increasingly fragmented along political lines.
The Governments view is that the priority must be to de-escalate the current situation and to avoid increased trade disputes.
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