Ireland's business leaders face bleak challenges under Trump 2.0

Ireland has established itself as a leading destination for foreign direct investment, benefiting from hosting major international corporations such as Google, Meta, and Apple. This influx of businesses has significantly contributed to Ireland’s economic prosperity, creating high-value jobs and generating substantial corporate tax revenues. However, this success is now at risk due to shifting global economic dynamics, including a rise in protectionist policies among Ireland's main trading partners. The challenges of Brexit have already put pressure on Ireland's economy, but the potential second term of Donald Trump as the U.S. president introduces additional threats. Trump's periodic threats to impose tariffs on imports and his intentions to disrupt the existing global tax framework could undermine the economic model that Ireland has developed, relying heavily on foreign investment, trade, and tax revenues. The business leaders in Ireland are increasingly concerned about the sustainability of this model in the climate of growing protectionism and a changing political landscape in the United States. They are looking for strategies to adapt to these challenges while ensuring continued growth of the Irish economy.