Kerrygold Butter Maker Slows Its US Investment on Tariff War

Kerrygold butter maker Ornua has slowed its US investment as it waits for more clarity on President Donald Trump’s trade settlement with the European Union.

“Volatility and uncertainty in the last six to 12 months has meant that we slowed down our activities, particularly in relation to investments in the US, until we get a better sense of things going forward,” Ornua Chief Executive Officer Conor Galvin said on a panel in Dublin.

Tariffs on agricultural products are a challenge for the second-largest selling butter brand in the US. In April, Ornua said it had already sold most ...