Donald Trump brings chaos, rhetorical or otherwise. The Irish economic model is based on certainty. The priority for the next government, regardless of its composition, will be to maintain this certainty amid such chaos. Much depends on it.
Trump’s first-term tariffs were small and on a limited number of goods. A blanket tariff on all imports of at least 10% is almost incomparable and would have an outsized impact on Ireland.
The Cavan multinational is railing against hefty duties, as high as 68 per cent, that the EU has slapped on China-made chemicals used in flame retardants.
Looking at Donald Trump's first term in office will not tell you an awful lot about what we should expect a second time around. However, the tone of the recent Republican convention and the panellists speaking at it are illuminating for investors.
Industry experts warn of a “disproportionate” impact on Ireland as new US tariffs are set to hit European exports in two weeks’ time.
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