Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

It is vital that we keep the Dáil informed of this and that all TDs be aware of what is taking place. I am aware that employers and workers in Cork will be feeling particularly worried today. It is something that affects everybody but I am conscious that large life science and medicine producers are located in Cork, many of which have been there for decades. Some very important food and drink manufacturers, farmers and suppliers that are located in Cork are also worried about what this will mean for their food, agricultural and drink exports to the US. I am very much aware of this. We are engaging with them to hear their views. We will have to work to see if we can avoid the worst happening in the short term. That is why negotiation is vital, but we will see a big change happening in the global economy and we will need to support employers and firms in moving to that new equilibrium. They know this is happening and we will have to work with them to see how we can continue to support the growth of our economy. As the Deputy notes, our forecasts based on what is currently happening are for a lower level of growth but for our economy to still have very high levels of employment.

See this speech in context