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IFA Reaction to Trump Tariffs

●0 minutes 50 seconds read

In an initial reaction to the announcement of tariffs by US President Donald Trump, IFA said the relative differences will impact the competitiveness of Irish products on the US market, including Kerrygold.

The fact that New Zealand only has a 10% tariff for dairy products and the UK only has a 10% tariff on drinks, while the EU will have 20% tariffs, will leave us at a competitive disadvantage against some of our biggest competitors in these two sectors.

Ireland exported circa €1.9bn worth of food and drink products across the Atlantic in 2024.  The US market is an important outlet and accounts for circa 11% of our total food and drink exports.

Within the €1.9bn figure, dairy at €830m and drinks, predominantly whiskey, at €900m account for 91% of what we export. We also export pigmeat (€23m), beef (€8.8m) and seafood (€3.8m).

Kerrygold is now the second best-selling butter brand in the US, where we sent almost €500m worth of product in 2024. The market accounts for about 7.5% of our total dairy exports.