The article discusses the impact of potential US tariffs on Ireland, particularly in the pharmaceutical sector. Taoiseach spoke to EU Commission President Ursula von der Leyen about safeguarding Irish exports, emphasizing the need for a strategic response. Concerns have been raised by various Irish ministers over the possibility of significant job losses in the event of imposed tariffs. Von der Leyen expressed her view that tariffs are detrimental to both businesses and consumers, while Irish officials prepare for an uncertain economic landscape.
Mr. Martin emphasized the importance of a 'useful and constructive call' with the European Commission President regarding US tariffs, highlighting the potential impact on Ireland's exports.
Taoiseach raised concerns about targeting US pharmaceutical companies in Ireland, stressing that the EU must be measured in its response while focusing on competitiveness.
Von der Leyen indicated that US tariffs could be 'bad for business' and 'worse for consumers,' as the EU looks to safeguard its economic interests.
Finance Minister Donohoe warned that new tariffs could jeopardize between 50,000 to 80,000 jobs over the next few years, potentially affecting Ireland's economic growth.
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