Saturday 22 July 2017

Trump's threat on US jobs in Ireland

US President Donald Trump. Photo: Evan Vucci/AP
US President Donald Trump. Photo: Evan Vucci/AP
Colm Kelpie

Colm Kelpie

Donald Trump has warned he will actively attempt to lure American multinational companies home from Ireland.

While the US president heaped praise on Ireland for doing an "amazing job" in handling the financial crisis, he warned major employers will be returning to the States.

Mr Trump said he gives Ireland "a lot, a lot of credit" for not raising taxes during the downturn.

He also said that as a result the country is "thriving" and a lot of companies have moved here. But he said: "We're going to be getting a lot of companies moving back."

Mr Trump told 'The Economist': "You look at Ireland. I own great property in Ireland that I bought during their downturn. They never raised their taxes.

"You know you would have thought when they were going through that really…they would've doubled and tripled their taxes. They never raised it a penny. And they got through it. A lot of companies have moved to Ireland and like it.

"But we're going to be getting a lot of companies moving back and we're going to get very few companies leaving the United States."

Irish Independent

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