US president Donald Trump has torn up the global trade system with his tariffs. Photograph: Jim Lo Scalzo/EPA/Bloomberg
Global trade is fragmenting. Protectionism is on the rise. Financial markets seem to be headed for an AI-related correction.
But the globalisation dynamic that has turned Ireland into one of the biggest per capita exporters in the world is not about to be reversed by Trump’s America First agenda.
That’s not to dismiss the threat from tariffs, but to put it in perspective.
[ Cantillon: Ireland forecast to be fastest growing economy in 2025Opens in new window ]
The amount of Irish exports in the line of fire is minimal, equating to roughly 2 per cent of the State’s total export trade: €58 billion of €73 billion worth of Irish goods shipped to the US last year were pharma related
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