Irish pharma sector avoids 20% tariff in immediate future
- The Irish pharmaceutical sector has temporarily avoided a new 20% tariff imposed by the US, as reported by the White House.
- US President Donald Trump stated that new tariffs would generally begin at 10% effective April 5, with specific sectors exempt from higher rates.
- Concerns remain regarding future tariffs on pharmaceuticals, which could severely impact the Irish economy, according to Irish officials.
- Concerns about the impact on the pharmaceutical sector, which employs around 45,000 people, were raised, according to Taoiseach Micheal Martin.
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'US tariffs threaten everything from Ryanair flights to Pringles'
Ireland's pharmaceutical industry faces a threat from US tariffs, impacting exports like Botox, Viagra and baby formula, while Irish consumers could see price hikes on everything from Ryanair flights to Pringles.
·Ireland
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Leaning Left5Leaning Right1Center2Last UpdatedBias Distribution63% Left
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C 25%
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