Oireachtas Joint and Select Committees

Wednesday, 16 July 2025

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach

The Impact of Tariffs on the Irish Economy: Nevin Economic Research Institute

2:50 am

Photo of Edward TimminsEdward Timmins (Wicklow, Fine Gael) | Oireachtas source

That is okay, Dr. McDonnell has answered the question. The general view, and I generally agree with it, is that tariff uncertainty postpones investment for companies. Do corporations not have to make investments somewhere and at some time? I know it leads to greater risk when decisions are made based on an unknown tariff regime in the future, but it could also lead to greater returns for companies so I do not think it is as black and white as people say it is, whereby uncertainty implies no investment. Investment decisions are made or money is put elsewhere and moved to other areas. What are Dr. McDonnell's thoughts on that?

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