Despite fears surrounding U.S. President Donald Trump's remarks on trade and jobs, Dublin's business leaders, notably Danny McCoy from the Irish Business and Employers Confederation, believe that the Irish economy will not face catastrophic effects. Trump expressed concerns about Europe's treatment of the U.S., raising alarms about the potential repatriation of jobs from the 950 U.S. companies operating in Ireland. However, McCoy insists that current apprehensions are generally unfounded and that the fluctuating nature of Trump's statements makes it challenging to predict outcomes, suggesting that a cautious approach is warranted instead of panic.
People are saying that what Trump is proposing means we are going to lose our business model. I just don't believe that at all.
Trump is saying lots of things at once. He is blunderbuss at the moment, not targeting on one thing.
At one level nothing has changed. Mood has changed. Soundings have changed. But technically, nothing has changed.
The near panic in some circles was unwarranted.
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