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The David McWilliams Podcast
Trump 2.0: Should Ireland Be Worried?
Oct 31, 2024
Mark Blyth, a Professor of Political Economy at Brown University, delves into the potential global consequences of a Trump victory. He discusses the alarming return of 19th-century tariffs and the impact on jobs, particularly in Ireland, where U.S. companies account for 14% of employment. The conversation also highlights the polarization in American politics and the rising concerns over immigration and corporate tax strategies. As America reshapes its rules, how prepared is the world to adapt to these changes?
30:45
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Quick takeaways
- A potential Trump victory could severely disrupt U.S.-Ireland relations by implementing tariffs and prioritizing protectionist policies that jeopardize Irish economic advantages.
- The polarized political climate surrounding the American election raises fears of civil unrest and escalated tensions, impacting societal stability regardless of the election outcome.
Deep dives
Impact of Trump's Potential Victory on Ireland
A Trump victory in the upcoming election could lead to significant changes in U.S.-Ireland relations. Unlike a Harris victory, which may maintain the status quo, Trump’s administration may disrupt the current dynamics favoring Ireland, especially concerning multinational corporations. The notion of 'Irish exceptionalism' has allowed Ireland to thrive under favorable U.S. policies, but a shift towards protectionism could jeopardize these benefits. If Trump prioritizes American interests and imposes tariffs, it could result in a loss of investment and disrupt the economic advantages Ireland currently enjoys.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode