Irish engineering sector urges creation of export credit safety net

Engineering Industries Ireland is pressing for a State-backed export credit insurance scheme to shield exporters from the impact of new 15% US tariffs on EU-made industrial products, auto parts, and semiconductors. The group warns the tariffs are eroding margins and threatening competitiveness, particularly for SMEs, in a sector worth €8.8bn in exports. Alongside trade protection, EII is calling for urgent updates to the National Skills Strategy to address talent shortages, boost lifelong learning, and strengthen workforce planning to drive a low-carbon, innovation-led economy.

Read the full article for deeper insights into the sector’s policy push.