It is the latest move by the president to impose levies after the US Supreme Court ruled against his ‘liberation day’ tariffs.

The drinks giant said it believes its current plans will mitigate around half of the impact of these higher costs.

Caoimhe Archibald said she had already engaged with representatives of the UK and Irish governments on the issue.

Lower rates should support growth amid signs that the post-pandemic recovery is slowing in the 20 countries that use the euro currency.