Irish food companies face €91m tax bill from US-EU trade war

Report says move comes at worst possible time for farmers: Internal analysis says Ireland will pay highest price in EU

27th October, 2019
The study found that Trump’s trade tariffs would impose costs of €42 million on the €168 million of liqueurs exported to the US annually.

Irish food companies will have to pay €91 million in extra taxes due to US president Donald Trump’s trade war with the EU, according to a confidential government study.

Despite not being involved in the dispute over airplane subsidies, Ireland will pay the highest price in the EU for as long as the dispute continues.

The Sunday Business Post has seen an internal analysis by the Department of Business of the severe impact...

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