Micheál Martin was elected Irish prime minister for the second time by a coalition of the two large center-right parties and independents on Thursday, underlining a main task as warding off threats arising from Donald Trump's return as U.S. president.

Axar.az reports that the government is bracing for the fallout from the new U.S. administration under Trump, whose pledges to upend corporate tax rules and impose tariffs pose a potentially major threat to Ireland's foreign multinational-focused economy.

The coalition has promised to use a tax windfall from the country's cluster of U.S. multinationals to continue to increase public sector investment, fix infrastructure deficits and cut taxes, while also building Ireland's sovereign wealth funds.

It is the second consecutive governing bloc between historic rivals Fine Gael and Fianna Fail, who between them have led every government since Ireland's founding. This time, independents replaced the junior coalition partner the Green Party, which lost most of its seats.

"For us today, the task is to protect Ireland's strength at a moment of real threat, while also addressing critical social needs. By any reasonable measure, this is a challenging moment in world history," an emotional Martin told parliament after he was elected in a 95-76 vote.

He said that central to protecting and renewing Ireland's economic model will be strengthening "three essential relationships" with Europe, the U.S., and Britain.

"We are not naive about the realities of change (in the U.S.), but equally the Ireland-America relationship benefits us both and it will emerge strongly no matter what."