Trump's Election Raises Concerns for Irish Economy

Donald Trump's projected return to the White House raises significant concerns for the Irish economy, particularly regarding jobs and corporate tax income. Economists warn that his proposed tariffs of 10% to 20% on imports could jeopardize Irish jobs, as Ireland is highly reliant on US trade, especially with American multinationals that contribute heavily to corporate tax revenue. Former Taoiseach Bertie Ahern highlights the risk of Trump reducing US corporate tax to 15%, potentially attracting Irish-based tech giants back to the US. The situation is complicated by uncertainty surrounding Trump's actual policy implementation and potential Congressional constraints. As Ireland navigates this geopolitical shift, EU officials are preparing for possible retaliatory measures against US tariffs. The implications of Trump's presidency could profoundly disrupt Ireland’s economic landscape, given its dependence on American investment and trade.