Ireland Warns Thousands of Jobs at Risk From Pharma Tariffs

Ireland plans to use its budget cushion to pump money into infrastructure to protect competitiveness as global trade turmoil and tariffs threaten thousands of jobs in the multinational hub.

The small, open economy has a strong fiscal position for now, with a huge budget surplus thanks to corporate tax income from US corporates such as Apple Inc. and Pfizer Inc. But with some of that revenue at risk, Finance Minister Paschal Donohoe said Monday that the government must use that money with an eye on the longer term.