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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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Science Media Centre broke the news in London, United Kingdom on Wednesday, April 2, 2025.
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