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

Video Description

Pick up a copy of Too Long: https://toolong.news/ Learn about how TLDR's Finances: https://www.youtube.com/watch?v=AeI4C7StAk8 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. 📰 Too Long: https://toolong.news/ 💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought. TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks! 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