Chambers warns of threat to future foreign investment from ‘more interventionist’ Trump policy

Future foreign direct investment from the US could be at risk from a “more interventionist” industrial policy likely under a Trump administration, Minister for Finance Jack Chambers has warned.

“A more interventionist industrial policy appears likely from the new administration and this might risk future waves of FDI which may not materialise,” he said. Mr Chambers said that the US presidential election, making the election of Mr Trump to a second term following his 2017-2021 first administration would have “far-reaching consequences”.

He reiterated comments by Coalition leaders that the Government would work with the incoming administration. He said the relationship would continue to be mutually beneficial with Ireland continuing to stress the benefits of multilateralism and two-way international trade and investment.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance Bill to be brought forward to ensure it is passed before general election, says ChambersOnce polling date is announced, legislation will be sequenced to be completed and become law before Oireachtas is dissolved
Source: IrishTimes - 🏆 3. / 98 Read more »

‘Accelerated timeline’ for passing of Finance Bill to facilitate early general election, says ChambersCoalition party leaders agreed on Monday night that polling day will be this year but not on an exact date
Source: IrishTimes - 🏆 3. / 98 Read more »