Dr. Paul Egan:

I mentioned before that I and a co-author from the Department of Finance did a bit of work earlier in the year. We applied a number of different tariffs, one of which was the one the Deputy was talking about - it was not 30%; it was 25% because that was the figure being bandied about at the time. We have a seven-year horizon we look at and we can kind of look at a fall from the baseline. The baseline would be if no tariffs are introduced, so what the Irish economy would have been without the imposition of tariffs. It is a significant effect. After seven years, we see GDP falling by nearly 4% from the no-tariff baseline. We have MDD falling by 2%-----