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The closely-fought Irish general election campaign has entered its final day, as concern over the economic threat posed by Donald Trump becomes an electoral theme.

With housing and the cost of living among key concerns, Irish voters are being wooed with substantial spending promises from the main parties, despite economists warning of “a clear and present danger” to Ireland’s corporation tax revenues from the president-elect, who assumes office in Washington on 20 January.

Around a quarter of Ireland’s tax take comes from foreign-owned multinational companies, largely in the technology, pharmaceutical and chemical sectors.

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Irish election: What you need to know

Donald Trump wants those American firms to book their profits, and pay their taxes, in the US instead.

He also has plans for tariffs of up to 20% on goods from EU countries. Ireland currently has a record trade surplus with the US of some €35bn (£29bn).

Mr Trump’s choice for commerce secretary, Howard Lutnick, has already taken aim at Ireland’s trade policies, saying it’s “nonsense that Ireland of all places runs a trade surplus at our expense…when we end this nonsense, America will be a truly great country again. You’ll be shocked”.

These are ominous signs for Irish economists like Dan O’Brien, who works with the Institute of International and European Affairs.

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He said it’s “very difficult to overstate how dependent on its economic integration with the United States” Ireland is, as in many ways “it’s the basis of our economic model”.

“If we didn’t have those American companies here employing hundreds of thousands of people directly, many more indirectly, manufacturing goods to sell to the United States, paying a lot of corporation tax, the Irish economy would look radically different.”

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Micheal Martin rules out coalition with Sinn Fein

For Mr O’Brien, the spending plans of Fine Gael and Fianna Fail, who along with the Green Party formed the last government, as well as those of the main opposition party Sinn Fein, need to be viewed with caution.

Mr O’Brien said: “It’s very stark to listen to the political debate in the UK, where it’s so much about austerity as it is in many European countries these days, and here in Ireland, where the politicians are promising everything because the public finances are so good. It’s always a mistake for politicians to pretend to voters that the good times will go on forever.

“I’m not saying it’s going to be a recession or worse, but it is a clear and present danger given what the most powerful man in the world has said he is going to do.”

On the campaign trail, the issue of Donald Trump’s plans has increasingly been put to candidates.

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Sinn Fein will demand referendum

At an event in Dundrum, Co Dublin, Sky News asked Irish Prime Minister Simon Harris why the second Trump term is being viewed as such a threat, especially as corporation tax revenues in Ireland increased during the first Trump White House.

Mr Harris said: “Trump 2.0, the second Trump presidency, is not the same as the first for a variety of reasons, including the fact that he’s received a very large mandate.

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Irish PM speaks to Sky News

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“If three US companies left Ireland, it could cost us €10bn (£8bn) in corporation tax. I’m not pre-empting that, I’m not saying it’s going to happen, I’m not predicting it, but that’s the level of risk that our economy is exposed to.”

Asked if Ireland should be scared of the new administration, Mr Harris replied: “No, but we shouldn’t be in any way ignorant to the policy platform that President Trump has put forward.”

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China dominates renewables – and this project shows why

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One year on from Donald Trump’s election win, an untold story has emerged

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One year on from Donald Trump's election win, an untold story has emerged

It’s a year since the US put Donald Trump back in the White House and I’ve spent this anniversary week in Florida and in Pennsylvania – two worlds in one country where I found two such contrasting snapshots of Trump’s America.

There are many ways to reflect on the successes and failures of the past year. Different issues matter to different people. But the thing which matters to all Americans is money.

The cost of living was a key factor in Donald Trump’s victory. He promised to make the country more affordable again. So: how’s he done?

On Wednesday, exactly a year since Americans went to the polls, the president was in Miami. He had picked this city and a particular crowd for his anniversary speech.

I was in the audience at the America Business Forum as he told wealthy entrepreneurs and investors how great life is now.

“One year ago we were a dead country, now we’re considered the hottest country in the world.” he told them to cheers. “Record high, record high, record high…”

The vibe was glitzy and wealthy. These days, these are his voters; his crowd.

“After just one year since that glorious election, I’m thrilled to say that America is back, America is back bigger, better, stronger than ever.” he said.

“We’ve done really well. I think it’s the best nine months, they say, of any president. And I really believe that if we can have a few more nine months like this, you’d be very happy. You’d be very satisfied.”

There was little question here that people are happy.

Liz Ciborowski says Trump has been good for the economy
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Liz Ciborowski says Trump has been good for the economy

“Trump’s been a good thing?” I asked one attendee, Liz Ciborowski.

“Yes. He has really pushed for a lot of issues that are really important for our economy,” she said.

“I’m an investor,” said another, Andrea.

“I’m a happy girl. I’m doing good,” she said with a laugh.

Andrea says she's happy with how the economy is faring
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Andrea says she’s happy with how the economy is faring

A year on from his historic victory, the president was, notably, not with the grassroots folk in the places that propelled him back to the White House.

He had chosen to be among business leaders in Miami. Safe crowd, safe state, safe space.

But there was just one hint in his speech which seemed to acknowledge the reality that should be a concern for him.

“We have the greatest economy right now,” he said, adding: “A lot of people don’t see that.”

That is the crux of it: many people beyond the fortunate here don’t feel the “greatest economy” he talks about. And many of those people are in the places that delivered Trump his victory.

That’s the untold story of the past year.

A thousand miles to the north of Miami is another America – another world.

Steelton, Pennsylvania sits in one of Donald Trump’s heartlands. But it is not feeling the beat of his greatest economy. Not at all.

At the local steel union, I was invited to attend a meeting of a group of steel workers. It was an intimate glimpse into a hard, life-changing moment for the men.

The steel plant is shutting down and they were listening to their union representative explaining what happens next.

David Myers used to be employed at the steelworks
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David Myers used to be employed at the steelworks

The conversation was punctuated with all the words no one wants to hear: laid off, severance, redundancy.

“For over 100 years, my family has been here working. And I was planning on possibly one day having my son join me, but I don’t know if that’s a possibility now,” former employee David Myers tells me.

“And…” he pauses. “Sorry I’m getting a little emotional about it. We’ve been supplying America with railroad tracks for over a century and a half, and it feels weird for it to be coming to an end.”

Cleveland Cliffs Steelton plant is closing because of weakening demand, according to its owners. Their stock price has since surged. Good news for the Miami crowd, probably. It is the irony between the two Americas.

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Steelton in Pennsylvania
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Steelton in Pennsylvania

Down at the shuttered plant, it’s empty, eerie and depressing. It is certainly not the image or the vision that Donald Trump imagined for his America.

Pennsylvania, remember, was key to propelling Trump back to the White House. In this swing state, they swung to his promises – factories reopened and life more affordable.

Up the road, conversations outside the town’s government-subsidised homes frame the challenges here so starkly.

“How much help does the community need?” I asked a man running the local food bank.

Elder Melvin Watts is a community organiser
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Elder Melvin Watts is a community organiser

“As much as they can get. I mean, help is a four-letter word but it has a big meaning. So help!” community organiser Elder Melvin Watts said.

I asked if he thought things were worse than a year ago.

“Yes sir. I believe they needed it then and they need it that much more now. You know it’s not hard to figure that out. The cost of living is high.”

Nearby, I met a woman called Sandra.

Sandra says it's getting harder to make ends meet
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Sandra says it’s getting harder to make ends meet

“It’s been harder, and I’m a hard-working woman.” she told me. “I don’t get no food stamps, I don’t get none of that. You’ve got to take care of them bills, eat a little bit or don’t have the lights on. Then you have people like Mr Melvin, he’s been out here for years, serving the community.”

Inside Mr Melvin’s food bank, a moment then unfolded that cut to the heart of the need here.

A woman called Geraldine Santiago arrived, distressed, emotional and then overwhelmed by the boxes of food available to her.

“We’ll help you…” Mr Melvin said as she sobbed.

Geraldine's welfare has been affected by the shutdown
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Geraldine’s welfare has been affected by the shutdown

Geraldine is one of 40 million Americans now not receiving the full nutritional assistance programme, known as SNAP, and usually provided by the federal government.

SNAP benefits have stopped because the government remains shut down amid political deadlock.

I watched Geraldine’s rollercoaster emotions spilling out – from desperation to gratitude at this moment of respite. She left with a car boot full of food.

A year on from his victory, Donald Trump continues to frame himself as the “America First” president and now with an economy transformed. But parts of America feel far, far away.

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Pirates firing machine guns and rocket-propelled grenades board tanker off Somalia coast

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Pirates firing machine guns and rocket-propelled grenades board tanker off Somalia coast

Pirates firing machine guns and rocket-propelled grenades have boarded a tanker off the coast of Somalia.

Greek shipping company Latsco Marine Management confirmed its vessel, Hellas Aphrodite, had been attacked in the early hours of Thursday.

The tanker, which was carrying fuel, was en route from India to South Africa when a “security incident” took place, the firm said.

“All 24 crew are safe and accounted for and we remain in close contact with them,” it added in a statement.

The crew members took shelter in the ship’s “citadel”, or fortified safe room, and remain there, an official from maritime security company Diaplous said.

The United Kingdom Maritime Trade Operations (UKMTO) agency issued an alert to warn ships in the area.

It located the vessel 560 nautical miles southeast of Eyl, Somalia, in the Indian Ocean. Eyl became famous in the mid-2000s as the centre of a string of piracy attacks.

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“The Master of a vessel has reported being approached by one small craft on its stern. The small craft fired small arms and RPGs [rocket-propelled grenades] towards the vessel,” UKMTO said in a statement.

EU forces move in on tanker

The European Union’s Operation Atalanta, a counter-piracy mission around the Horn of Africa, said one of its assets was “close to the incident” and “ready to take the appropriate actions”.

That EU force has responded to other recent pirate attacks in the area and had issued a recent alert that a pirate group was operating off Somalia and assaults were “almost certain” to happen.

Private security firm Ambrey has claimed that Somali pirates were operating from an Iranian fishing boat they had seized and had opened fire on the tanker.

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Pirate gangs resume attacks

Thursday’s attack comes after another vessel, the Cayman Islands-flagged Stolt Sagaland, found itself targeted in a suspected pirate attack that included both its armed security force and the attackers shooting at each other, the EU force said.

The vessel’s operator Stolt-Nielsen confirmed there was an attempted attack, early on 3 November, which was unsuccessful.

Somali pirate gangs have been relatively inactive in recent years. In May 2024, suspected pirates boarded the Liberian-flagged vessel Basilisk. EU naval forces later rescued the 17 crew members.

Meanwhile, the last hijacking took place in December 2023, when the Maltese-flagged Ruen was taken by assailants to the Somali coast before Indian naval forces freed the crew and arrested the attackers.

Hellas Aphrodite was en route from Sikka, India, to Durban, South Africa.

The Malta-flagged tanker is described as an oil/chemical tanker, 183m long and 32m wide, which was built in 2016, according to vesselfinder.com.

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