EU/US Trade Update

EU/US Trade Update

Attached is an update regarding the outcome on the recent EU/US trade talks. While plenty of details are yet to be published, this provides an objective snapshot of what has been announced by both the EU and the US.

EU US Trade Update – Chambers Ireland – July 2025

Chambers Ireland has welcomed the agreement on trade tariffs between the European Union and the United States.

Chambers Ireland Chief Executive Ian Talbot commented:

“Certainty is critical for businesses and we’ve seen the impact of uncertainty over the past couple of months in terms of investment. While tariffs are never welcome news for businesses on either side of the Atlantic, reaching an agreement – however imperfect – is preferable to no deal. It at least allows companies to plan and adapt in the short term.”

He continued:

“Any clarity that can be provided – even if preliminary – lays the foundation for further negotiation and incremental progress on the tariffs that now exist.

Efforts should be made to help businesses to adapt. The EU and Irish Government should work to create a fund to support viable businesses adapt to new tariffs and also to ensure potential arbitrage issues with Northern Ireland are clearly understood and addressed.”