The fallout from Trump’s decision to impose tariffs on Mexico, Canada and China as well as promising to push levies on goods from the EU entered a second day on Monday, and unlike Sunday the markets were in position to react.
Things probably went as expected, with a broad based sell off. But traders would have felt whiplash after Trump agreed to pause Mexico tariffs for a month.
Still, companies already face tough decisions. Guinness owner Diageo, for example, faces costs of as much as $600 million because of the tariffs, while KPMG estimates levies on EU products would hit about a third of Irish exports. Colin Gleeson reports on both stories.
Why does it feel as if RTE shows Chitty Chitty Bang Bang every Christmas? And what does it tell us about the State broadcaster? Laura Slattery explores the issue in her column.
In Your Money, Fiona Reddan assesses the state of property funds during what has been a difficult period for commercial real estate.
Dominic Coyle meanwhile answers a question on whether a grandson raised as son by grandmother avail of higher tax exemption on inheritance.
Laura also reports that Irish tech firm Qualcom is targeting expansion and boosting its revenues to €18 million by 2027.
Hybrid working may be here to stay, but the proportion of fully remote workers being sought keeps falling. Ciara O’Brien reports.
Colin also reports on some mixed data for Ireland’s manufacturing sector.
The State-owned Ireland Strategic Investment Fund (ISIF) has announced that it is launching a new private markets fund that will invest in energy transition infrastructure assets across Europe, with a particular focus on Ireland. Laura has the details.
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