Why Ireland's Economy is in Trouble (it's Trump)

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As you already know, Ireland's economy depends on big American companies setting shop in the country. But, this model now appears to be in serious jeopardy as Trump looks to impose unprecedented tariffs on pharmaceutical exports to the US as part of the US-EU trade deal. In this video, we're taking a look at these tariffs and what could happen next.

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1 - https://www.rte.ie/news/world/2025/0805/1526946-eu-us-tariffs/
2 - Sweeney, P. The Celtic Tiger: Ireland's Continuing Economic Miracle. (Oak Tree Press, Dublin, Second edition, 1999)
3 - https://www.ft.com/content/6c7a0c9a-1913-30a2-a317-24d2623e1865
4 - https://www.taxobservatory.eu//www-site/uploads/2023/10/global_tax_evasion_report_24.pdf
5 - https://www.politico.eu/article/ireland-donald-trump-fines-white-house-washington-uk/
6 - https://www.rte.ie/news/us/2025/0402/1505327-us-tariffs/
7 - https://www.bloomberg.com/news/articles/2024-10-01/ireland-flush-with-cash-plans-giveaway-budget-before-election
8 - https://www.gov.ie/en/department-of-finance/press-releases/tax-revenue-strong-in-2024-expenditure-demonstrates-increased-investment-ministers-chambers-donohoe/
9 - https://www.fiscalcouncil.ie/understanding-irelands-top-corporation-taxpayers/
10 - https://www.ft.com/content/6e923f7a-cef0-4efa-bc6a-3cc2e8910442
11 - https://about.bgov.com/insights/elections/2025-tax-policy-crossroads-what-will-happen-when-the-tcja-expires/
12 - https://www.irishtimes.com/news/politics/trump-adviser-says-many-us-companies-will-now-leave-ireland-1.2863409
13 - https://www.grantthornton.ie/insights/trade-tariffs/separating-fact-from-fiction/
14 - https://tradingeconomics.com/ireland/exports/united-states
15 - https://x.com/Brad_Setser/status/1911005037960073256/photo/1
16 - https://insights.carraighill.com/the-trade-relationship-between-ireland-and-the-united-states/
17 - https://www.youtube.com/watch?v=13nika1VC5s
18 - https://www.rte.ie/news/ireland/2025/0322/1503458-us-ireland/
19 - https://www.irishtimes.com/business/health-pharma/trump-singles-out-ireland-in-battle-to-bring-pharma-production-back-to-us-1.4244781
20 - https://www.irishtimes.com/business/economy/2025/07/04/is-big-pharmas-powerful-us-lobby-shielding-ireland-from-the-worst-of-donald-trumps-tariffs/
21 - https://www.euractiv.com/section/health-consumers/news/irish-pharma-still-risks-wildcard-section-232-tariffs-despite-trumps-trade-agreement/
22 - https://www.cnbc.com/2025/08/05/trump-says-pharma-tariffs-could-eventually-reach-up-to-250percent.html
23 - https://www.cnbc.com/2025/02/26/eli-lilly-to-invest-27-billion-in-new-us-manufacturing.html
24 - https://www.rte.ie/news/business/2025/0704/1521772-us-multinationals/
25 - https://www.bloomberg.com/news/articles/2025-07-28/ireland-s-economy-just-shrank-for-the-first-time-since-2023
26 - https://www.theguardian.com/business/2024/nov/25/ireland-prices-corporation-tax-loss-from-trump-policies-at-10bn
27 - https://www.ey.com/en_gl/technical/tax-alerts/ireland-budget-2025-an-overview-for-international-investors

00:00 - Introduction
01:17 - Context
04:38 - Why Trump is Unhappy
06:49 - What Happens Next
08:09 - Sponsored Content