Bloomberg Talks IDA Ireland's Michael Lohan Talks Foreign Investment Challenges
Jun 5, 2025
Michael Lohan, CEO of IDA Ireland, is at the forefront of attracting foreign investment to Ireland. He discusses how changing U.S. trade policies, particularly under Trump, challenge investment strategies across Europe. Lohan highlights the necessity of strong relationships to navigate uncertainty and the important role of ongoing U.S.-Europe negotiations. He also reveals insights into Ireland's life sciences sector, addressing trade deficits and investment trends, while reaffirming the dedication of international firms in the evolving landscape.
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Geopolitical Shifts Impacting FDI
- The geopolitical and industrial policies have been shifting notably in the past 24 months, affecting foreign direct investment (FDI). - Despite tariff tensions, FDI continues as companies value their international presence and markets.
Tariff Uncertainty and Engagement
- Although tariff uncertainty increased decision timeframes, conversations and engagement with companies are higher than before. - Continuous negotiation between Europe and the US is crucial for resolving trade tensions.
Ireland’s Strong Bilateral Investment
- Ireland's exposure to US companies does not put it at particular risk despite the EU's strong response to US tariff threats. - Ireland and US investments are mutually beneficial and significant in both directions, supporting a bilateral economic relationship.