The David McWilliams Podcast Trump 2.0: Should Ireland Be Worried?
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Oct 31, 2024 
Mark Blyth, a Professor of Political Economy at Brown University, delves into the potential global consequences of a Trump victory. He discusses the alarming return of 19th-century tariffs and the impact on jobs, particularly in Ireland, where U.S. companies account for 14% of employment. The conversation also highlights the polarization in American politics and the rising concerns over immigration and corporate tax strategies. As America reshapes its rules, how prepared is the world to adapt to these changes?
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Trump Could End Four Decades Of Continuity
- A Trump victory would represent a sharp break from four decades of continuity in US global economic policy.
- Mark Blyth warns this shift could have major ramifications for Ireland's multinational-dependent model.
Narrow Result Risks Constitutional Crisis
- A narrow US result could produce prolonged legal battles, contested electors, and constitutional crisis stretching into January.
- Blyth warns the Supreme Court's composition raises stakes if institutional neutrality erodes.
Tariffs As A Tool To Repatriate Capital
- Trumpism aims to repatriate American capital using tariffs to force firms home and punish foreign production.
- Mark Blyth notes this would raise prices short-term but might push firms into productivity-enhancing investment.