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Ireland collects much of the corporate tax revenue a more coherent US tax code would channel back across the Atlantic. Ireland could also be in the firing line as a major & growing contributor to the US trade deficit—now 4th in the world. By @phonohan.bsky.social: www.irishtimes.com/opinion/2025...

irishtimes.comPatrick Honohan: Ireland is more exposed to Trump’s tariff war than any other European countryWithout turning away from the United States, it is vital for Ireland to remain unambiguously and progressively engaged in collective action in support of Europe

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Reserve currency requires deficit spending dollars into the world economy Trump is telling the world two contradictory things: Keep using the dollar or face tariffs. And also stop using dollars or face tariffs The fact so little attention is being given to this contradiction is sad

That's why it's so idiotic for him to be aiming his aggression at his own allies It puts them in a very difficult position This will be enormously damaging to the overseas interests of the USA for many decades to come