Wage subsidy scheme ruled out for firms affected by Trump tariffs - Finance Minister Paschal Donohoe
Briefly

Mr. Donohoe stated that Ireland will not implement a wage subsidy similar to the Covid-19 pandemic's. This decision comes amidst challenges posed by 20% tariffs from the US government. He emphasized the importance of engaging with affected businesses on an individual basis while balancing economic safety against potential additional costs. Minister Simon Harris is also set to meet US officials to advocate for Irish trade and address concerns regarding perceived imbalances in tax arrangements, signaling a proactive stance toward maintaining strong bilateral relations.
"I don't believe an economy-wide wage subsidy scheme in the way we had during the Covid pandemic would be appropriate," he told RTÉ.
"We have to keep our economy safe. That means supporting and protecting jobs, and it means keeping our public finances safe."
Read at Irish Independent
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