Ireland is expected to be one of the most affected countries when President Trump announces a new round of tariffs later this week.
EU goods are expected to face a tariff of about 20% when entering the United States.
Among EU countries, Ireland is the most reliant on the US as an export market.
In 2024, Irish goods exports to the US were worth €73bn (£61bn), almost a third of the country’s total exports.
The challenge is usually repatriating this funds back to the “home” country. However, many multinationals have been quite happy leaving the profits outside of the “home” country for additional foreign investment in those regions.