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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.
Keywords:
Ireland,
United Kingdom,
EUR,
China,
EU,
economy,
industry,
international relations,
politics,
foreign investment,
foreign policy,
foreign trade,
government,
employment,
finance,
fiscal,
health,
pharmaceutical,
technology,
war
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2025
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