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Evening Standard
Evening Standard
National
Cillian Sherlock

Irish pharma sector avoids 20% US tariff in immediate future

Taoiseach Micheal Martin and US President Donald Trump during the St Patrick’s Day Reception and Shamrock Ceremony in the White House (Niall Carson/PA) - (PA Wire)

Ireland’s crucial pharmaceutical sector appears to have largely avoided a new US tariff rate for now, amid a broader 20% tax imposed on other goods from the European Union.

But the industry, which accounts for a large portion of Irish exports, may be subjected to harsh tariffs at a later date as the White House seeks to increase domestic production.

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