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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Nadine O’Regan: The reality of vaccinated people is not mine

Emer McLysaght: Words of wisdom from a misguided geography nerd

Ian Guider: G7 edict is a chance for Ireland to change course and develop some global champions of our own

Companies Ian Guider 4 days ago

Elaine Byrne: The West’s ‘vaccine nationalism’ is an arrogant and dangerous game