Trump’s tariffs: “The rest of the world is now going to de-risk from the United States”
A full-blown global tariff war in underway.Donald’s Trump’s tariffs took effect last night with the EU due to vote today on a retaliatory list drawn up by the European Commission.The US and China meanwhile have engaged in tit for tat tariffs in the past few days. China has also vowed to fight to the end in the tariff war.What will all this mean for Ireland? What hit will consumers face?And should Ireland now pivot east to protect jobs and secure new investment?To answer these and other questions host Ciarán Hancock Is joined on this week’s episode of Inside Business by Ibec chief executive Danny McCoy, Cliff Taylor of The Irish Times, and Chris Smyth, group CEO at Perennial Freight & president of the France-Ireland Chamber of Commerce.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
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46:35
What is behind Ireland’s tourism slowdown?
Last week data from the CSO showed a decline of 30 per cent in the number of visitors to the country in February, with revenue taking a hit of €88 million during the month.This continued a trend dating back to last September.In this week’s episode of Inside Business, you’ll hear conflicting views from the trade on the current state of the tourism sector here.Eoghan O’Mara Walsh, CEO of the Irish Tourist Industry Confederation, tells host Ciarán Hancock why he thinks the CSO figures might be overstating the current position within the sector.Whereas Sean Connick, who operates the Dunbrody Famine Ship Experience and the Kennedy Homestead in Co Wexford, is seeing a different picture with visitor numbers to those experiences declining last year with January and February also soft.In addition, he has had to absorb significant increases in their running costs.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
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35:52
What damage is Elon Musk doing to Tesla’s shares and sales?
In the first part of this week’s episode of Inside Business, we look at Tesla and the backlash against the vehicle car maker this year because of Elon Musk’s association with Donald Trump.Sales in Europe have slumped while its share price has shed 24 per cent of its value year to date. That amounts to about $800 billion of market value being wiped out.In addition, there have been many protests and reports of Tesla’s being vandalised.To add to the mix, Chinese rivals have also upped their game.Neil Briscoe is a motoring journalist and writes for the Irish Times. He’s been covering Tesla since the get-go and joined host Ciarán Hancock on the line to discuss the issues affecting the company.Also on the show, Eoin Burke Kennedy, economics correspondent of The Irish Times, discusses new data on house prices from Daft.ie after it published its latest quarterly report. It doesn’t paint a pretty picture for anyone seeking to buy a home, with house price pressure reaching an eight-year high and the number of second-hand properties available for sale at lowest level since 2007.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
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23:45
What do Donald Trump’s April tariffs mean for Ireland?
On this week’s episode of Inside Business, we discuss US President Donald Trump’s intention to impose new reciprocal tariff rates on EU countries and elsewhere from April 2nd. What are reciprocal tariffs and how will Ireland be affected? Will we be singled out? What is coming down the line in terms of ‘special tariffs’, and their potential impact on big exports from Ireland to the US? And what possible options are available to Irish companies to soften the blow of all this uncertainty? Gerard Brady, Head of National Policy and Chief Economist at Ibec, joined the podcast to give a timeline of all upcoming tariffs and what they mean.And this week saw the much-anticipated arrival of Amazon.ie, a dedicated Irish platform for the retail behemoth – a move that will be welcomed by most online shoppers in Ireland with the prospect of more product choice and better value. But what about retailers who will have to go toe-to-toe with Amazon here? Irish Times Consumer Affairs Correspondent Conor Pope joined host Cliff Taylor in studio to outline what Irish consumers can expect.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
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38:28
‘My plan is to make sure Smurfit Westrock is one of the great companies of the world’: Tony Smurfit on taking the family business global
This week, Inside Business host Ciarán Hancock is joined by Tony Smurfit, president and CEO of Smurfit WestRock, the biggest paper and packaging group in the world.Last month he was chosen as Irish Times business person of the year for successfully concluding a combination of Smurfit Kappa Group with American company WestRock in a $24 billion deal. The Dublin-based company is now the leading player in its sector.Grandson of the company’s original founding father Jefferson Smurfit, and son of Michael Smurfit who grew the company to become Ireland’s first multinational, Tony has led the business since 2015.During this episode Tony discusses the impact of the WestRock deal on the group over the past nine months, the threat posed by Donald Trump’s tariffs, the special challenges of working for a company where your name is above the door, and his plan to make Smurfit WestRock the best company in the world.Produced by John Casey with JJ Vernon on sound. Hosted on Acast. See acast.com/privacy for more information.
A weekly look at business and economics from an Irish perspective hosted by Irish Times Business Editor Ciarán Hancock. Produced in association with EY. Hosted on Acast. See acast.com/privacy for more information.
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