As Donald Trump introduced 100pc tariffs on patented pharma merchandise coming into the US, Eire’s Tánaiste pointed to the 15pc EU cap within the August commerce settlement.
European nations together with Eire are carefully trying on the implications of a sudden 100pc pharmaceutical tariff announcement from Donald Trump on his social media community Reality Social final evening.
“Beginning October 1st, 2025, we can be imposing a 100pc tariff on any branded or patented pharmaceutical product, until a Firm is constructing their pharmaceutical manufacturing plant in America,” he wrote. “There’ll, due to this fact, be no tariff on these pharmaceutical merchandise if development has began.”
In a press release this morning Tánaiste Simon Harris mentioned the Irish Authorities and its EU colleagues could be “finding out the affect of this announcement, which incorporates a variety of exemptions”.
Harris was fast to stress that the EU commerce settlement signed in August capped tariffs for pharma merchandise exported from the EU at 15pc.
“I wish to stress, nonetheless, that the EU and US Joint Assertion issued on 21 August final made completely clear that any new tariffs introduced by the US on prescribed drugs beneath its Part 232 investigation could be capped at 15pc for pharma merchandise being exported by the EU,” he mentioned. “This stays the case and underlines once more the worth of the settlement reached final month.”
The in a single day announcement could have caught the Irish authorities off guard because the Tánaiste has simply returned from a visit to New York and Washington the place he met with US Secretary of Commerce, Howard Lutnick and had “priceless conferences”.
“I stay as satisfied as ever of the mutually helpful nature of the dynamic, two manner financial partnership between Eire and the US in addition to between the EU and the US,” he mentioned this morning, however there can be comprehensible concern in authorities that any such imposition of tariffs would injury a key manufacturing sector in Eire, prescribed drugs.
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