Ireland is uniquely exposed to Trump’s presidency

Significance

Martin's government worries that threatened US tariffs and cuts to corporation tax will disproportionately impact the Irish economy, which runs a huge trade surplus with the United States and hosts a major concentration of US multinationals.

Impacts

• Concerns over the volatility of foreign investment could spur more investment into domestic industries like renewable energy and agri-tech.
• Ireland will look to diversity its FDI portfolio, with a particular interest in attracting investment from Asia.
• Trump's withdrawal of the United States from the OECD’s global tax framework could ultimately derail the accord signed by 140 countries.