Trump threatens 200pc tariff on pharmaceuticals but says he will give drug-makers a year 'to get their act together'

President Trump plans to announce tariffs on imported pharmaceuticals that could reach as high as 200%. He stated manufacturers will have about a year to adapt to these changes before the tariffs take effect. Ireland is particularly vulnerable with its pharmaceutical exports to the US valued at €44 billion, making it the largest export market for the country. These tariffs will also affect semiconductor imports, showcasing broader trade implications for various sectors.

President Trump announced plans to implement tariffs on imported pharmaceuticals, potentially reaching up to 200%, allowing manufacturers a year to prepare before enforcement begins.

Ireland faces significant risk with its pharmaceutical exports valued at €44 billion to the US, which constitute the largest market for its exports.

Read at Irish Independent