rte.ie

Donald Trump’s Return: Economic Concerns for Ireland Grow

Donald Trump’s anticipated return to the White House is raising significant economic concerns for Ireland, a country heavily reliant on multinational corporations like Apple and Google. With substantial revenue from U.S. companies, which accounted for €10 billion of total corporate tax receipts in 2022, Ireland’s economy could face vulnerabilities if Trump implements his plan to lower U.S. corporate tax rates. This could diminish Ireland’s appeal for investors and threaten its fiscal stability. Additionally, Trump’s proposal for tariffs on imports may further push multinationals to relocate back to the U.S., amplifying economic fears in Ireland.

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