That's according to Midlands MEP Ciaran Mullooly.
The European Union has decided not to bring in counter-measures in response to US tariffs until at least early next month.
US President Donald Trump has threatened tariffs of 30% on EU goods from August 1st.
The EU says it would prefer to negotiate a solution with the Trump administration.
Midlands North West MEP Ciaran Mullooly says Ireland will loose out badly on job creation in the coming weeks:
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