Donald Trump’s election has increased the risk of a transatlantic trade shock but is not likely to trigger an exodus of US companies from Ireland, the Taoiseach has said.
Simon Harris said his Government’s decision to set aside billions of euros in longer-term funds would ensure a “buffer” was in place to absorb any negative consequences on the Irish economy if Mr Trump adopts more protectionist trade policies, such as the imposition of tariffs on imports or the lowering of corporation tax rates in the US.
