Irish ministers express concerns over potential economic impact of Trump's re-election

Irish ministers have expressed concerns about the potential impact of Donald Trump's re-election on the Irish economy. A briefing note highlighted risks related to US-EU trade, including possible tariffs and retaliatory measures that could affect Ireland's foreign direct investment. Officials believe Trump may initially focus on domestic issues, but his policies could still challenge EU unity and economic stability. There are worries about the sustainability of tax revenues from US companies in Ireland and the implications for international agreements on tax planning. The Irish government is preparing for potential economic shocks, having set aside billions of euros. While government leaders congratulated Trump, opposition figures criticized the election outcome, emphasizing the need for strong leadership to address global challenges.