US tariffs – some key resources for tax practitioners

In order to assist readers, we have highlighted some key information resources to help you understand the impact of last week’s tariffs. There have been comments from all across the Accountancy profession, including some helpful publications providing tips for businesses as they adapt to the new global trading conditions.

We also bring you the official White House publications which have accompanied the announcement of the tariffs. This includes the Fact Sheet which sets out the administration’s basis for claiming that the tariffs are a necessary tool to combat the myriad trade deficits the US operates with its global trading partners.

Press releases from Government and the EU

• Statement by President von der Leyen on the announcement of universal tariffs by the US
• Statement by Taoiseach Micheál Martin on US decision to impose tariffs
• Statement from the Tánaiste on US announcements on tariffs
• House of Commons on what US tariffs on EU goods could mean for Northern Ireland

Commentary from Accountancy profession

• KPMG - US tariffs - Understanding the implications for Ireland and the EU
• Grant Thornton - The implications of tariffs and trade wars
• PwC - US reciprocal tariffs
• EY – What are the implications of US President Trump’s reciprocal tariffs on global trade
• Deloitte - Tackling shifting tariffs: Timely tips for business leaders
• BDO – Tariffs & Trade in 2025: Practical Steps for Exporters and Importers

  Insights from Tax Research

• Tax Foundation - Trump Tariffs: The Economic Impact of the Trump Trade War
• Chartered Accountants Ireland reaction to US administration’s new tariffs
• Parliamentary Budget Office Trade between Ireland and the US April 2025

  Official White House material

• Official White House Executive Order
• Official White House Article – “Tariffs Work – and President Trump’s First Term Proves It”
• Official White House Fact Sheet declaring National Emergency
• US International Trade Administration Official Website
• 2025 National Trade Estimate Report on Foreign Trade Barriers