Tánaiste Simon Harris has warned that Irish pharmaceutical exports to the US could potentially be halved in five years if new tariffs are imposed. Speaking ahead of a Cabinet meeting, he emphasized the likely announcement of such tariffs and their significant impact on EU-US trade relations. He described these tariffs as regrettable, noting that they would ultimately increase costs for consumers. Harris expressed the need for a calm and strategic response from Ireland and the EU, highlighting the importance of diplomatic negotiation to protect this vital economic relationship.
Cabinet will be warned that Irish pharma exports to the US could be halved over five years under fresh tariffs.
We don't want to be in that space where we're seeing 20pc tariffs for the EU; we want to sit down with the United States.
Imposition of tariffs would be regrettable as ultimately consumers would suffer; they push up the cost of doing business.
The response from Ireland and the EU must be calm, measured, and strategic; trade is not just an EU matter.
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