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Pharmaceuticals, semiconductors escape US tariffs – for now

  • President Trump announced tariffs on April 2, with the event at 9pm Irish time.
  • The administration believes some countries engage in unfair trade practices, leading to the tariffs.
  • The announcement clarified some goods, like pharmaceuticals and semiconductors, would be exempt.
  • Danny McCoy stated the tariffs will create a net export impact of around 2-3% short-term.
  • The EU announced countermeasures, but Ursula Von der Leyen wants negotiation over confrontation.
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Sambad English broke the news in on Thursday, April 3, 2025.
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