Trump warns EU on retaliatory tariffs, says Irish tax policies lured US firms
Source: Reuters
Trump warns EU on retaliatory tariffs, says Irish tax policies lured US firms
By Andrea Shalal
March 12, 2025 12:57 PM EDT Updated 9 hours ago
WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump on Wednesday vowed to respond to the European Union's threat to impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month after Trump implemented blanket tariffs on steel and aluminum imports.
"Of course I will respond," Trump told reporters at the start of a meeting with Irish Prime Minister Micheál Martin in the Oval Office. He said Ireland, a member of the European Union, was among countries taking advantage of the United States.
Trump said Ireland had used its tax policies to lure away pharmaceutical and other companies from the United States, but U.S. reciprocal tariffs would help rebuild U.S. manufacturing.
"There's a massive deficit that we have with Ireland and with other countries," he said, saying he blamed U.S. leadership for allowing U.S. pharmaceutical companies and others to move to Ireland due to its tax policies.
-snip-
Read more: https://www.reuters.com/world/trump-warns-eu-retaliatory-tariffs-says-irish-tax-policies-lured-us-firms-2025-03-12/
________________________________________________
How dare those Irish beat us at our own game!