Ireland faces scrutiny from Trump's US over $36bn surplus
Organisation: The Irish Independent (Ireland)
Publication Date: 04/09/2017
Size of team/newsroom:small
DescriptionThis article was commissioned following the decision of Donald Trump's administration to place a number of countries under investigation for running high trade surpluses with the United States. Ireland is a country that depends on foreign direct investment to a massive degree, and much of the trade surplus is derived from US multinationals sending products made in Ireland back to the US. Mr Trump has repeatedly signalled his intention to bring US jobs back to the country and the opening of this investigation in which Ireland was listed as one of the countries with the highest surplus represented the opening salvo of what could be a major rethink of US policy towards multinationals. This article sought to provide our readership with an insight into the extent of Ireland's trade surplus with the US compared to other European countries. As is evident from the graphic, Ireland has one of the highest surpluses of any country and given the country's size and dependency on the multinational sector, we wanted to underline the threat to the country's current economic model that could arise from any aggressive targeting of multinationals sending goods and services to the US.
What makes this project innovative? What was its impact?Ireland's economic policy of low taxation of multinationals has come under scrutiny from Europe and the US in recent times. While this subject is widely acknowledged in the country, the public are not keenly aware of the extent to which Ireland runs such high surpluses with the US and the possible implications that may arise from changes to US policy. As the biggest selling daily newspaper in Ireland, our reason for choosing to illustrate this was to awaken public consciousness on this issue and to trigger public debate.
Technologies used for this project:The article was put together by Michael Gleeson and Sean Duffy using Adobe in Design and Photoshop and drew data sets from the United States Census Bureau and Eurostat.
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