Shannon Chamber says companies operating in the MidWest are not expressing any air of nervousness about the incoming Trump administration.
With the 47th President of the United States to be sworn in this afternoon, the Irish government has expressed concern for foreign direct investment over his plans to reduce the corporate tax rate in the US.
Speaking at his victory rally last night, ‘The Donald’ has already been outlining ambitious plans for his term in office, which includes ending conflict in the Middle East and Ukraine.
It’s expected that President Trump will visit Clare as early as this summer as part of a European tour to open a new golf course in Aberdeen.
In 2023, Trump International Golf Links Doonbeg enjoyed record operating profits of €2m and its anticipated the new presidential term will lead to a further economic boost for the west of the county.
But concern has emerged that Donald Trump’s plans to match Ireland’s corporate tax rate of 15% in the US will lure multi-national companies home and greatly reduce our foreign direct investment.
But Shannon Chamber believes its in the US President’s best interests to retain strong trade links with Ireland and for the Irish economy to remain steady.
President Eoghan Gavan says the bigger risk for the government is the lack of infrastructure for multi-national companies such as data centres and housing.
You can listen to the full interview here: