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Canada's GPD in the first quarter grew by 2.2% on an annualised basis as compared with the downwardly revised 2.1% growth posted in the previous quarter

Canada's Q1 GDP expands by 2.2% - beating estimates

Canada's economy grew faster than expected in the first quarter, data showed today, mainly driven by exports as companies in the US rushed to stockpile goods before President Donald Trump's tariffs were implemented.

Business • 30 May

LYON, FRANCE - MAY 19: A view of the factory of French outdoor furniture manufacturer Fermob in Lyon, France on May 19, 2025. Fermob has taken the lead in responding to protectionist pressure from the United States. The designer furniture manufacturer shi

EU 'fully invested' in trade talks after US court ruling

The EU is "fully invested" in reaching a deal with the United States to avoid sweeping tariffs, the bloc's trade chief said, after US judges ruled the controversial measures were unconstitutional.

World • 30 May

Economists say the cost to businesses from US tariffs will likely be multiple times what companies have so far disclosed

Trump's tariff tally: $34 billion and counting

President Donald Trump's trade war has cost companies more than $34 billion in lost sales and higher costs, according to a Reuters analysis of corporate disclosures.

Business • 30 May

IATA Director General Willie Walsh is due to address airline bosses on Monday

Global airlines to address trade war at annual summit

An unpredictable trade war and daunting environmental targets are on the agenda for global airline bosses at an annual summit in India, as the industry addresses concerns that geopolitical uncertainty will dent strong travel demand and raise costs.

Business • 30 May

The Volkswagen Group employs over 20,000 people directly and over 55,000 people indirectly in the US

Volkswagen CEO flags 'massive' US investments in talks

Volkswagen is holding "fair" and "constructive" talks with the US government on tariffs and wants to make further investments in the country, CEO Oliver Blume told German newspaper Sueddeutsche Zeitung.

Business • 30 May

US corporate profits decrease sharply in first quarter

US corporate profits fell sharply in the first quarter and could continue to be squeezed this year by higher costs from tariffs that are threatening to undercut the economic expansion.

Business • 29 May

What else can Trump do on tariffs after court ruling?

A US trade court blocked most of President Donald Trump's tariffs in a sweeping ruling that found the president had overstepped his authority by imposing across-the-board duties on imports from US trading partners.

US • 29 May

The US Federal Reserve has a dual mandate to act independently to tackle both inflation and unemployment

US firms plan to pass tariff costs to consumers - Fed

US firms have warned the Federal Reserve that the cost of President Donald Trump's tariffs will likely be borne by consumers, according to minutes of the bank's most recent rate decision.

Business • 29 May

The ruling leaves in place tariffs imposed on foreign steel, aluminium and automobiles

Which tariffs did a US court block

A federal court in New York handed US President Donald Trump a big setback, blocking his audacious plan to impose massive taxes on imports from almost every country in the world.

US • 29 May

Donald Trump said the tariffs draw manufacturing jobs back to US shores

US appeals court temporarily reinstates Trump's tariffs

A US federal appeals court has reinstated the most sweeping of President Donald Trump's tariffs, a day after a trade court had ruled he had exceeded his authority in imposing the duties and had ordered an immediate block on them.

US • 30 May

AerCap calls on Trump to expand zero-tariff plane pact

The head of the world's largest aircraft leasing company has called on US President Donald Trump to renegotiate and expand a duty-free trade agreement for the aircraft industry to include newcomers like China in a new lobbying twist to the trade war.

Business • 28 May

66% of SMEs concerned about trade war - Linked Finance

The turmoil of high US tariff announcements - and subsequent pauses - has increased uncertainty among Irish small and medium sized businesses (SMEs).

Business • 28 May

The EU has yet to implement retaliatory tariffs on the US while negotiations continue on a possible trade deal (Stock image)

IDA consults pharma firms on EU retaliatory tariffs on US

IDA Ireland circulated the EU's draft list of retaliatory measures to US tariffs to Irish-based pharmaceutical companies for their comments as part of the Government's response to the European Commission on the proposals.

Business • 28 May

Tariff tensions to drag down UK economy next year - IMF

Trade tensions linked to US tariff plans will reduce UK economic growth next year, according to the International Monetary Fund (IMF).

Business • 27 May

Trivago said it is seeing double-digit declines in bookings to the US from travellers in Canada, Mexico and Japan

Demand for trips to US slumps in tariff-hit countries

Holidaymakers in countries hit hardest by Donald Trump's trade tariffs are shunning America for their trips abroad, while UK and US travellers are increasingly choosing to staycation amid economic worries, according to hotel search site Trivago.

Business • 27 May

Burberry said earlier this month that it will cut 1,700 jobs, or around a fifth of its global workforce, to cut costs to help revive its performance

European firms cut jobs in response to slowing economy

Difficult economic conditions, exacerbated by US President Donald Trump's tariffs, and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs.

Business • 27 May

Volvo Cars to slash 3,000 jobs in white-collar cutback

Sweden's Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said today.

Business • 26 May

The US was the trading bloc's biggest export partner in 2024, making up 20.6% of exports, Eurostat figures show

What's at stake as Trump's tariffs threaten EU exports

US President Donald Trump has backed away from a threat to impose 50% tariffs imminently on imports from the European Union, giving more time for talks between Washington and the 27-nation bloc to produce a deal.

Business • 26 May

Brent and WTI oil prices were flat today after settling 0.5% higher on Friday

Oil steadies after Trump extends EU trade talks deadline

Oil prices steadied today after US President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about US tariffs on the bloc that could hit fuel demand.

Business • 26 May

The Irish economy has built up resilience to withstand potential trade and FDI shocks 'in the short run' - AIB

Could Ireland weather a tariff and FDI shock? - AIB

An escalation in trade tariffs could lead to a slowdown in global and Irish growth this year and next, according to AIB's latest Economic Outlook Report.

Business • 26 May

The Cabinet will consider the drafting of legislation to allow for the ratification of the EU-Canada trade deal

Tánaiste to seek Cabinet approval for CETA legislation

Tánaiste Simon Harris will seek Cabinet approval tomorrow for the drafting of legislation which will allow for the ratification of the controversial EU-Canada trade deal.

Ireland • 26 May

On Friday, Donald Trump threatened to impose 50% tariffs on goods coming from the EU

EU and US to fast track trade talks after phone call

The European Commission has said that President Ursula Von der Leyen and US President Donald Trump have agreed to fast track trade negotiations and to stay in close contact following last night's phone call.

World • 26 May

Micheál Martin said that Donald Trump's tariff threat was a surprise

'Very damaging' if Trump acts on tariff threat - Martin

The Taoiseach has said that it would be "very damaging" if US President Donald Trump acts on his threat to impose 50% tariffs on the EU from the start of June.

Business • 23 May

The German economy grew by 0.4% in the first quarter of 2025 compared with the previous quarter, better than a preliminary reading of 0.2%

German Q1 GDP upgraded as orders rush to beat tariffs

The German economy grew significantly more in the first quarter than previously estimated due to good economic developments in March, according to a second estimate published today.

Business • 23 May

Nike earlier this week said it would raise prices from next week

Adidas, Puma expected to increase prices after Nike hike

Adidas and Puma are likely to hike prices for running shoes and sportswear in the US, following Nike's lead, analysts and investors said today, as US tariffs on imports drive costs up for retailers.

Business • 23 May

US tariffs

Canada's Q1 GDP expands by 2.2% - beating estimates

EU 'fully invested' in trade talks after US court ruling

Trump's tariff tally: $34 billion and counting

Global airlines to address trade war at annual summit

Volkswagen CEO flags 'massive' US investments in talks

US corporate profits decrease sharply in first quarter

What else can Trump do on tariffs after court ruling?

US firms plan to pass tariff costs to consumers - Fed

Which tariffs did a US court block

US appeals court temporarily reinstates Trump's tariffs

AerCap calls on Trump to expand zero-tariff plane pact

66% of SMEs concerned about trade war - Linked Finance

IDA consults pharma firms on EU retaliatory tariffs on US

Tariff tensions to drag down UK economy next year - IMF

Demand for trips to US slumps in tariff-hit countries

European firms cut jobs in response to slowing economy

Volvo Cars to slash 3,000 jobs in white-collar cutback

What's at stake as Trump's tariffs threaten EU exports

Oil steadies after Trump extends EU trade talks deadline

Could Ireland weather a tariff and FDI shock? - AIB

Tánaiste to seek Cabinet approval for CETA legislation

EU and US to fast track trade talks after phone call

'Very damaging' if Trump acts on tariff threat - Martin

German Q1 GDP upgraded as orders rush to beat tariffs

Adidas, Puma expected to increase prices after Nike hike

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