Lack of affordable housing to be main priority of October's Budget, Simon Harris will tell economic gathering today
Simon Harris will also warn the threat of further tariffs on EU goods entering the US represents 'the most serious challenge to transatlantic economic relations in generations'.
The Foreign Affairs and Trade Minister will hold discussions later today with the EU's Trade Commissioner Maros Sefcovic and receive an update on negotiations with the US.
Last week, Mr Harris expressed hope that a deal can be reached to avoid tariffs of up to 50pc being introduced in 23 days' time.
Mr Harris will also deliver a keynote speech at the National Economic Dialogue at Dublin Castle, where he will insist that the EU must remain steadfast in pursuing 'substantive, calm, measured and comprehensive dialogue' with the US in order to avoid the imposition of further tariffs.
He will argue that this year's Budget 'must be framed to ensure Ireland remains competitive in a turbulent global economy'.
Mr Harris will say 'the greatest challenge and strain our economy faces remains housing' and the Budget and the upcoming National Development Plan 'must prioritise the construction of homes'.
In relation to the looming threat of further tariffs, the Tánaiste will say that 'despite the suspension of higher tariff rates announced on so-called Liberation Day, and notwithstanding the ongoing legal dispute arising from the US Court of International Trade ruling, Irish and EU exporters to the United States remain subject to an additional 10pc tariff on goods, as well as sectoral tariffs on steel, aluminium, and cars'.
'Together with threats of further tariffs on pharmaceuticals, semiconductors, and aircraft arising from Section 232 investigations, this represents the most serious challenge to transatlantic economic relations in generations,' he will say.
He will also emphasise the importance of Ireland taking its own actions in order to boost competitiveness and protect businesses.
He will point to the energy sector as an example where there are particular opportunities for Irish companies. And he will also stress the need to reduce barriers at an EU level so businesses can grow.
The Tánaiste will also reference Ireland's hosting of the EU presidency next year as a major opportunity to show leadership on the world stage.
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