Harris meeting US firms, rules out cost-of-living aid

Tánaiste Simon Harris is meeting with major financial companies like JP Morgan, Goldman Sachs, and BNY in New York today. This is part of his visit to the US, which emphasizes trade relations between Ireland, the EU, and the United States. Harris aims to understand how these companies view the current economic landscape. He plans to share insights from these meetings with the Irish government at a new trade forum on Friday. The Tánaiste believes it is essential to engage intensely to navigate what he describes as a "turbulent" time ahead. Despite his concerns about rising costs and trade tensions, Harris ruled out any new cost-of-living support for consumers. He noted that while energy prices are expected to rise, the government wants to manage inflation within a regular budgetary process instead of issuing emergency packages. The business community is anxious about potential job losses due to trade issues, but Harris reassured that American companies need a base in Europe to thrive. He emphasized that Ireland provides a strong environment for investment and job creation. The Tánaiste also highlighted the importance of infrastructure investment in keeping Ireland's economy resilient. He concluded that while challenges lie ahead, the country's economy is well-prepared to cope with any shocks.