On Thursday, Micheál Martin of Ireland was re-elected as Prime Minister for the second time by a coalition of the country's two major center-right parties and independents. He outlined the challenge of dealing with potential threats stemming from the return of the U.S. President.
The government is bracing itself for potential consequences following the changes in the U.S. administration under Trump, particularly concerning corporate tax regulations and tariffs that could affect Ireland's foreign multinational-driven economy.
The coalition has committed to using increased tax revenue from U.S. multinational corporations to boost public sector investments, address infrastructure shortcomings, reduce taxes, and bolster Ireland's sovereign wealth funds.
This marks the second consecutive partnership between historical opponents Fine Gael and Fianna Fail, who have collectively governed since the establishment of Ireland. Independents have taken the place of the Green Party as the junior coalition partner, as they have lost most of their seats.
In his emotional address following the 95-76 vote, Martin emphasized the importance of safeguarding Ireland's resilience during challenging times, while also focusing on pressing social needs. He highlighted the significance of reinforcing relationships with Europe, the U.S., and Britain to fortify Ireland's economic model.
Amid interruptions and protests, Martin was finally elected on Wednesday, succeeding Simon Harris in late 2027. Harris assumes the roles of Deputy Prime Minister and Minister of Foreign Affairs and Trade, while Paschal Donohoe resumes his position as Finance Minister.
Further commitments are planned, such as a trade conference involving Ireland's consulates and embassies in the U.S., to engage with decision-makers in the Trump administration. Despite retaining some members from the previous cabinet, notable changes occurred, including the appointment of James Browne as the new Housing Minister due to delays in meeting housing construction targets.
Martin, a veteran parliament member with a background in education and various ministerial positions, led Fianna Fail through a significant political recovery after their challenging times following the EU/IMF bailout in 2010.