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
Dr. Tom McDonnell:
It has gone the other way and that was not expected. I would suspect it was because things were so extreme and uncertainty was so high that people were afraid to have their money in the US, so they were getting out of dollars and US assets and that caused the decline in the dollar.
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