ESRI says Trump policies present considerable risk for Ireland

Tariffs and changes to tax policy promised by Donald Trump could disrupt the world economy and damage Ireland's attractiveness to US firms as a destination for investment

Donald Trump has promised broad tariffs and changes to tax policy to incentivise companies to return manufacturing to the US. Picture: Evan Vucci/AP

Proposed policy changes by the incoming Donald Trump administration in the US bring “considerable downside risks” for the Irish economy as they could severely impact trade, foreign direct investment (FDI), and public finances, the Economic and Social Research Institute (ESRI) has said.

As part of his economic policies, Mr Trump has promised broad tariffs and changes to tax policy to incentivise companies to return manufacturing to the US. This could have significant impacts for Ireland as it has a significant trading partnership with the US.