Friday, 13th June: Escalating global trade tensions are emerging as a growing concern for the Dublin business community, with more than four-in-five (81%) companies expecting to be affected by ongoing international trade disputes. This is according to new data released today in Dublin Chamber’s Q2 Business Outlook Report.
Among those anticipating disruption, nearly half (47%) foresee moderate impacts on their operations, while a further 13% are preparing for severe effects.
Dublin Chamber has also highlighted that recent shifts in U.S. tariff policy are having ripple effects across Irish supply chains. While 45% of businesses report no direct exposure to U.S. tariffs, nearly one-third (29%) are already experiencing knock-on effects through clients and supply networks. Looking ahead, over a third (37%) of firms expect to remain indirectly vulnerable to further developments in U.S. trade policy.
Commenting on the results, Dublin Chamber CEO Mary Rose Burke said. “The data confirms what we are increasingly hearing from our members, that global uncertainty and trade protectionism are not abstract issues, but ones with tangible consequences for Irish businesses. Even companies without direct exposure to affected markets are being hit through their supply chains, clients and partners."
"With trade tensions unlikely to ease in the short term, it is crucial that Irish businesses are supported in building supply chain resilience and diversifying their markets. At the same time, Ireland must remain a vocal advocate for open and rules-based international trade within the EU and on the global stage.”
Contact Information
Stephen Browne
Head of Public Affairs
Dublin Chamber
085 710 3329
stephen@dublinchamber.ie
About Dublin Chamber: Dublin Chamber is Ireland’s largest chamber of commerce with over 1000 member companies. It is the most representative and broadly-based business group in the Greater Dublin Area, providing representation and networking services. Its policy work focuses on developing the Dublin region’s infrastructure & transport, promoting competitiveness, and improving local governance. Dublin Chamber is also one of the oldest chambers of commerce in the world, tracing its origins back to 1782.