President Donald Trump criticized Ireland for its tax structures that he claims attract US pharmaceutical companies, impacting the US trade balance. During a conversation, he claimed that past US leaders failed to safeguard the economy, losing industries in the process. Trump also addressed broader trade tensions with the European Union, referencing a case involving Apple, which resulted in a significant financial ruling against the company. He asserted intentions of implementing reciprocal tariffs, to ensure fair treatment in trade relations.
President Trump accused Ireland of "taking" US pharmaceutical companies through taxation strategies that made it advantageous for companies to relocate, impacting the US economy.
The President noted that prior US administrations failed to protect economic interests effectively, leading to significant losses in industry to Ireland due to favorable tax measures.
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