How exposed is Ireland to the US economy and Trump’s plans?
US president Donald Trump will host Taoiseach Micheál Martin in the White House on Wednesday, in a highly anticipated meeting which is expected to touch on Ireland’s trading relationship with America.
Mr Martin said that a “two-way street” of investment is something he intends to highlight in his discussions with the US president in a bid to address concerns he may voice around a trade imbalance between the two countries.
Ireland is among countries vulnerable to changes in the global economy proposed by president Trump, with a significant proportion of employment, tax receipts and exports all directly dependent on a cluster of US multinational firms.
Employment
Mostly US-owned foreign multinationals, mainly in the technology and pharmaceutical sectors, employ about 11 per cent of Irish workers after successive governments over decades prioritised their jobs and tax dollars.
That does not include those employed by the large accountancy and legal industries here that support…
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