Ireland is expected to be one of the most affected countries when President Trump announces a new round of tariffs later this week.
EU goods are expected to face a tariff of about 20% when entering the United States.
Among EU countries, Ireland is the most reliant on the US as an export market.
In 2024, Irish goods exports to the US were worth €73bn (£61bn), almost a third of the country’s total exports.
What about the ‘American’ companies that plonked their headquarters in Ireland for tax purposes?
Surely that makes them Irish for tarrif purposes?
the exporter need not be based in the origin (‘tariffed’) country to have their goods taxed on import.
funneling profits to overseas subsidiaries to lower a corporation’s overall tax burden is a different issue.
The challenge is usually repatriating this funds back to the “home” country. However, many multinationals have been quite happy leaving the profits outside of the “home” country for additional foreign investment in those regions.
Visited Ireland last year. Fantastic country. Drove around the whole island on a 10-day road trip. Would definitely do it again, and it’s sad this orange shit stain will make life harder for my Irish brothers and sisters. I hope the people of Ireland find another outlet. America is trash and it doesn’t deserve you.
Maybe they shouldn’t have been offering <2% tax rates to corporations? Ireland’s ‘Fuck you I got mine’ tax laws are a net detriment to the rest of the world, it takes away tax dollars from other countries that could have been used for public services.
It’s theft.
