The Industrial Development Agency has expressed confidence that Clare will hold onto its multinational companies despite "intense" global competition. US President Donald Trump is due to announce tariffs on imports from the EU today including an anticipated 20% blanket tariff on pharmaceuticals and chemicals. Irish exports to the US within this sector are worth an estimated €58 billion annually while roughly 32% of the country's local goods exports are to the US. Speaking at a Shannon Chamber event in Dromoland Castle Hotel, IDA CEO Michael Lohan says this region will weather the storm as long as it looks after its ties with US companies.