US companies to remain 'real source' of foreign investment in Ireland despite tariffs, says IDA

Out of the IDA's 1,800 client companies, around 60% come from the US

Michael Lohan, CEO of IDA Ireland.

The US will remain a key source of foreign direct investment for Ireland, CEO of the IDA Michael Lohan has said, with the agency continuing its mission to attract US firms despite the added challenges that tariffs will bring to investment. 

Speaking on US President Donald Trump's sweeping tariffs of 20% on EU imports, Mr Lohan told reporters: "It goes without saying this this will be very counterproductive for innovation and trade flow."