The economic outlook has been thrown into uncertainty following US President Donald Trump's announcement of 20% tariffs against the European Union.
Trump introduced a whole host of tariffs against a long list of countries - including a 10% baseline tariff across the board - at a much-publicised event outside the White House.
The tariffs - which so far do not include pharmaceuticals, of which a huge amount are exported to the US from Ireland - are expected to hit food and drinks companies particularly hard.
More worryingly for Ireland, Government Ministers in France, Germany and Austria are mooting the possibiility of reciprocal measures in the tech industry - which would have far more adverse economic effects for Ireland than any other EU country given the presence of a number of multi-national tech firms based in the country, many with their European headquarters here.
Ireland has often been criticised by it's European partners for it's low tax rate on the tech firms - and the Irish Government's opposition to the ECJ (European Court of Justice) decision to award the Irish state €13 Billion in lost tax payments from Apple.
Fears now are that major players in the EU may use the tariffs to attempt to address what they still see as Ireland giving a unfair tax advantage to big tech companies.