Irish exporters already losing orders and reducing staff working hours

Irish firms that rely on the US market are already cutting orders to suppliers and working hours in response to Donald Trump’s tariffs, according to Ibec. The evidence of a hit to the ‘real economy’ follows days of convulsions on financial markets that saw trillions of euro wiped off the value of global stocks followed by a spike in borrowing costs on the bond markets, including for the US itself..