A recent survey by InterTrade Ireland reveals that fewer than 5% of Irish businesses are planning major investments due to trade uncertainty, especially regarding potential US tariffs. Economist Dan O’Brien notes that the anticipated tariffs could drastically reduce trade, impacting jobs and economic growth. Many companies have entered a 'wait and see' phase, reflecting cautious attitudes similar to the initial stages of Covid-19. The heavy reliance on US firms for corporation tax revenue exacerbates concerns about long-term economic stability and potential job losses.
Fewer than 5% of Irish businesses plan major investments this year, as global trade uncertainty and US tariff plans significantly dampen risk appetite.
The proposed US tariffs could have unprecedented impacts on Irish exports, leading businesses to pause investments and raising concerns about longer-term job losses.
The current investment outlook resembles the early phase of Covid-19, as many Irish businesses adopt a 'wait and see' approach amid trade uncertainties.
Dependence on US companies for corporation tax revenue poses a risk; sustained high tariffs could decrease trade and hinder U.S. investment in Ireland.
Collection
[
|
...
]