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flag US President Trump plans 20% tariffs on EU goods, hitting Ireland's economy hard.

flag US President Donald Trump is expected to impose 20% tariffs on EU imports, notably affecting Ireland's economy, especially its pharmaceutical sector. flag This could lead to higher costs and a potential recession, with job creation slowing and unemployment possibly rising. flag The EU plans to retaliate and negotiate on behalf of its members, while Ireland may need to reconsider its budget, including potential income tax increases.

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