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QBS hosted event exploring the impact of global trade tariffs on Northern Ireland

15 May, 2025

As part of the Business Breakfast Insights series, Queen’s Business School hosted an event exploring what the global trade tariff changes mean for Northern Ireland and the wider global economy.

The event explored the implications of the latest trade tariff announcements from the US administration and examined whether they represent a strategic opportunity or pose significant risks to economic growth, supply chains, and international business.

The event heard from a distinguished panel of experts including: Richard Ramsey, Professor of Practice in Economics and Policy at Queen’s Business School; Lorraine Nelson, Partner & Head of Tax, BDO Northern Ireland; Patrick Collins, CFO, Belfast Distillery Company; Gareth Hagan, CEO, OCO Global; and Dr Michael Aldous, Senior Lecturer in International Business, Entrepreneurship and Marketing at Queen’s Business School.

Richard Ramsey stated: “Uncertainty is a fact of life. But Donald Trump’s first 100 days have seen uncertainty, particularly relating to trade policy, hit unprecedented levels. The hiking, lowering and pausing of tariffs, in quick order, makes it difficult for businesses to keep up, let alone react and plan for the future.”

Dr Michael Aldous commented: “Whilst recent developments in tariffs are creating significant uncertainty in global markets, looking at long run helps to reveal possible directions of travel in the economic environment that can provide a deeper context to help companies navigate these challenges and opportunities.”

Julie McCandless, Professor of Practice and Head of Business Engagement at Queen’s Business School added: “The QBS Business Breakfast Insights series is designed to create a dynamic space where business leaders and academic experts can come together to exchange knowledge, challenge assumptions, and explore practical solutions to real-world issues. By bridging the gap between theory and practice, we aim to drive meaningful impact for both industry and academia.”

For more information about Queen’s Business School, please visit: https://www.qub.ac.uk/schools/queens-business-school/

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Zara McBrearty - z.mcbrearty@qub.ac.uk

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