BDO Trade Update - 28th July 2025

The EU and US have agreed the framework of a Trade Deal to come into effect on 1st August. This deal avoids an all-out Trade War, where the US were threatening to impose 30% import duty on EU imports, and the EU had prepared a retaliatory range of duties to be imposed on US imports ranging from 10% to 25%.

Trade Guide for Tariffs & Trade

What does this mean for Irish Exporters?

  • A baseline duty rate of 15% will be imposed on most European exports with effect from 1 August.
  • Pharmaceutical and Semiconductors will most likely be subject to a 15% duty rate. These are currently under investigation in the US with a conclusion expected in the next few weeks.
  • Aircraft and Parts exports to the US will revert back to 0%.
  • Spirits are still under negotiation.
  • Steel and aluminium exports will continue to attract duty at 50%, however it is expected that a quota arrangement will be introduced


What should Exporters do now? 

Now that there is some certainty, Irish Exporters should assess their options in terms of duty planning and supply chain reviews.  In particular look at confirming the origin of your goods, the dutiable value and your contract terms.

Also investigate the option of accessing new markets leveraging off the EU Trade Agreements.

This is the time for advanced duty planning as it is unlikely duty rates are going to now reduce in the short to medium term.


tariffs-just-ahead-signage-bdo

BDO Global Trade Services

As Global Trade becomes more complex, and more subject to risk, we can advise on your trade implications in a Geo-Political context, assess the Risk Landscape and provide pro-active duty planning, ensuring security of supply and support in accessing new markets. In addition we can provide Board Level briefings in order to support and advise in this new environment. Be sure to contact us for further information or to arrange a consultation.
Contact us


This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact BDO to discuss these matters in the context of your particular circumstances. BDO, its partners, employees and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it. BDO is authorised by the Institute of Chartered Accountants in Ireland to carry on investment business. BDO, a partnership established under Irish Law, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO International network and for each of the BDO Member Firms. Copyright © April 2026 BDO Ireland. All rights reserved. Published in Ireland.