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There is good news for well-known Irish brands like Baileys and Kerrygold with the suspension of US tariffs.
Irish dairy exports to the United States were affected by the tariffs, which were announced in 2019 as part of an ongoing trade dispute between the EU and the United States over aircraft subsidies.
The two parties agreed to a four-month suspension of US tariffs on $ 7.5 billion worth of EU products and European Union tariffs that had been imposed on $ 4 billion of US products.
The agreement followed a phone call between the president of the United States, Joe Biden, and the president of the European Commission, Ursula von der Leyen.
The Irish Government has welcomed the suspension of tariffs and Agriculture, Food and Marine Minister Charlie McConalogue has acknowledged the work of the Irish Embassy in Washington in trying to resolve the dispute.
“Today’s announcement is a great opportunity for both the EU and the United States to engage in a constructive dialogue to find a permanent solution to these long-standing disputes,” he said.
The 25% tariff was applied to Irish butter, cheese and cream exports to the United States.
The value of Irish agri-food exports affected by the tariffs was around € 422 million.
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