Trump has already imposed tariffs on US neighbours Canada and Mexico, as well as China.
An ESRI paper warns that potential US protectionist policies, including tariffs and regulatory changes, could significantly negatively impact the Irish economy. GDP and Modified Domestic Demand could fall by up to 3.5% and 2%, respectively, over 5-7 years. The traded sector would be disproportionately affected, with production potentially falling by up to 4%. These policies could also prompt multinationals to relocate, posing further risks.
