Indo Daily Extra: Trump, Greenland and an impending Trade War: 'Potentially much worse than the 2007 crisis'
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Indo Daily Extra: Trump, Greenland and an impending Trade War: 'Potentially much worse than the 2007 crisis'
"For decades, Ireland has enjoyed the best of Boston and Berlin, acting as an economic bridge between the world's two most successful free trade areas. But as the MAGA administration eyes up Greenland, that role is under threat. The Irish economy and more importantly Irish jobs are now on the line, because of Donald Trump's aggressive sabre-rattling over Greenland. And a trade war between the world's biggest economic players now looks all but inevitable."
"The Irish economy and more importantly Irish jobs are now on the line, because of Donald Trump's aggressive sabre-rattling over Greenland. And a trade war between the world's biggest economic players now looks all but inevitable. On today's Extra episode of the Indo Daily, Dave Hanratty is joined by Group Business Editor at the Irish Independent Donal O'Donovan, to discuss how Ireland now finds itself between a rock and a hard place, as transatlantic tensions boil over..."
For decades Ireland has benefited from close economic links with both the United States and the European Union, serving as a bridge between Boston and Berlin and facilitating trade and investment. Rising US interest in Greenland under the MAGA administration threatens that bridging role and raises the prospect of disrupted transatlantic economic ties. The Irish economy and domestic employment face exposure if tensions escalate, with specific risks to jobs tied to trade and investment flows. Escalating rhetoric increases the chance of a trade war between the world's largest economic powers, placing Ireland between competing strategic priorities and heightening uncertainty for businesses and policymakers.
Read at Irish Independent
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