Oireachtas Joint and Select Committees
Tuesday, 15 July 2025
Committee on Budgetary Oversight
Quarterly Economic Commentary: Economic and Social Research Institute
2:00 am
Mairéad Farrell (Galway West, Sinn Fein)
Gabhaim buíochas leis na finnéithe as teacht os comhair an choiste. It is always interesting to hear what the witnesses have to say. We live in very unsure times in terms of tariffs and all of that. I am not asking any of the witnesses to predict the future or even what might happen tomorrow, let alone on 1 August. One of the things noted in the quarterly economic commentary was about Trump's efforts to reshore manufacturing to the US and the impact that could have on this State. That is a risk that we will always have with foreign direct investment, no matter where it is from, if there is an effort to reshore, which there can be in order to try to bring back more middle-class jobs and whatever else to the origin country. What I am trying to understand is how likely tariffs themselves would have an impact on reshoring, exclusively by themselves, or whether that would need to be more of a three-pronged approach.
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