|
Ides of March
- Following a mid-March lull in policy launches by President Trump, this week's announcement of a 25% tariff on auto imports has hit global markets once again, ahead of an expected declaration of broader tariffs on April 2nd.
- While announcing the auto tariffs, Trump also referenced - once again - the pharmaceuticals sector for future tariffs, but there is not yet any indication of the scope of these measures. .
- However, the imposition of tariffs will likely be a drag on manufacturing output and GDP growth in Ireland, and to a lesser extent on the labour market and domestic demand, highlighted in the recent forecasts by the ESRI
- Turning to the week ahead, aside from the expected announcement of broader US tariffs, the main highlight will be the US labour market report for March
|
|
