Updated: 09/11/16 : 12:23:55Printable Version
Former Taoiseach John Bruton has said Donald Trump's election victory has effectively killed the Transatlantic Trade and Investment Partnership (TTIP), with knock-on effects in Ireland.
He claimed that any fall in trade as a result of a collapse of the EU-US trade deal will hurt Ireland's economy and prevent public pay increases.
The Transatlantic Trade and Investment Partnership (TTIP), which was being negotiated in the run-up to the election, was to be the world’s biggest bilateral trade and investment deal.
According to Eurostat figures, 24% of Irish exports and 14% of imports went to and came from the US in 2015.
ASTI members in secondary schools have called off planned industrial action in order to participate in talks with the Department of Education, and nurses with the INMO are being balloted for industrial action.
Last week, gardaí were awarded pay increases following threats of industrial action by the force.
Former Taoiseach John Bruton (pictured below) is not hopeful that other public servants will get all of the pay increases they are looking for.
"T-TIPP is probably dead now as a result of this election," he said. "That's going to freeze trade.
"Ireland depends disproportionately on trade, so anything that hits trade hard hits Ireland even harder and that of course reduces the flow of resources available for settling pay claims."