A pat on the head and a knife in the back.
The Donald thinks Ireland did an "amazing job" in handling the financial crisis. He said he gives Ireland "a lot, a lot of credit" for not raising taxes during the downturn period.
The US president said that as a result the country is "thriving" and a lot of companies have moved here.
"You look at Ireland. I own great property in Ireland that I bought during their downturn. And I give the Irish a lot, a lot of credit," Mr Trump told 'The Economist'. "They never raised their taxes. You know you would have thought when they were going through that really … they would've double and tripled their taxes. They never raised it a penny."
Mr Trump has his own difficulties now with reducing taxes and his plan appears to have stalled before even getting out of the traps.
Nonetheless, he is adamant he will target US firms who have moved abroad or are intending to do so.
And he warned he will actively lure American multinational companies home from Ireland.
"But we're going to be getting a lot of companies moving back and we're going to get very few companies leaving the United States," he said.
Whether he's talking about firms engaged in tax inversion or companies operating in Ireland to serve the European market is not clear.
However, Mr Trump is adamant he's going to push ahead with his 'America First' policy on jobs going abroad.