Michael Lohan

So it would actually have an impact in both directions.

And I think what we're advocating for, and I think that's what most people are advocating for, is for dialogue and to get, I suppose, into negotiations and discussions in respect of setting aside the tariffs.

I think we have an agreement in place between Europe and the U.S.,

In our mind, that should be honoured and put into force.

And if there's other elements that need to be discussed, then they should be discussed and clarified.

But I think we need to bring certainty to international trade because it is the lifeblood of all of our economies.

Well, I think that's a decision for the Irish government, but I think from an Ireland government perspective, and we've heard the Taoiseach just speaking this over the last number of hours as well, is that we think it's time for some reflection and dialogue.

I would certainly support that.

But of course, there will have to be decisions made at

at junctures and at particular junctures.

So I think that should be a last resort.

I think from a European perspective, we should look to dialogue and resolution because as I mentioned, I think it will be challenging both for the US economy and indeed for the European economy.

Yeah, it certainly is a different dynamic, Stephen.

I think that's correct.

But maybe I'll go back to the principles.

First of all is that when you have international companies, they are serving international markets.

So their markets still exist.

Their need for their product and their services still exist.

the need for them to innovate and bring their R&D pipelines to fruition, that still is in play.

And indeed, companies are looking to increase their supply chain resilience in terms of decarbonisation and sustainability through their supply chain.