Robert Besser
18 Apr 2025, 15:19 GMT+10
DUBLIN, Ireland: Tanaiste Simon Harris has said it would be "bizarre" for the United States to impose new tariffs on EU pharmaceutical exports while trade talks are ongoing.
His comments come after U.S. President Donald Trump again threatened to target the pharmaceutical sector with tariffs, a move that would have major consequences for Ireland's export-heavy economy.
Speaking in the Oval Office this week, Trump said he wanted to boost domestic medicine production, claiming the U.S. no longer makes its own pharmaceuticals and that companies are based in Ireland, China, and elsewhere. "All I have to do is impose a tariff," Trump said, adding that the higher the tariff, the faster companies would respond. He said such a move would happen in the "not too distant future."
While a 90-day suspension is in place on a broader 20% U.S. tariff on EU goods, a 10% baseline tariff remains. Pharmaceuticals, for now, have been exempt. But Trump's repeated threats have raised concerns in Ireland, where the industry employs around 45,000 people and makes up a large share of exports.
Ireland exported 223.8 billion euros worth of goods in total last year, with one-third going to the U.S. Of the 72.6 billion euros in U.S. imports from Ireland, around €58 billion came from pharmaceuticals and chemicals.
"It would be bizarre and not good if, whilst in the middle of talks about trade, one of the parties to the talks was to do something that could cause economic damage or harm to the other," Harris said ahead of a Cabinet meeting. He urged "calm measures" and "substantive engagement."
Taoiseach Micheal Martin also weighed in, saying "everything will be on the table" during upcoming talks. "Things are getting announced, things change on a weekly basis," he said, adding that the best path forward is negotiation.
Asked about potential U.S. pressure on the EU to reduce trade with China, Harris said the bloc was open to discussions but would maintain its own position.
"We are the European Union, we're not the United States of America," he said. "We'd like to keep that negotiation on the basis of the relationship between the EU and the U.S."
Categories: Ireland news, Dublin news, European news, Pharmaceuticals news, Business news,
Get a daily dose of Long Beach Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Long Beach Star.
More InformationDUBLIN, Ireland: Tanaiste Simon Harris has said it would be bizarre for the United States to impose new tariffs on EU pharmaceutical...
KOKOMO, Mississippi: Myrtle, a beloved pet tortoise, is back with his family in Mississippi after being lost for weeks during a deadly...
NEW YORK, New York - U.S. stocks were volatile again Friday as President Donald Trump blasted Federal Reserve chair Jerome Powell for...
BISMARCK, North Dakota: Federal officials have ordered the company running the Keystone Pipeline to take several safety steps after...
WASHINGTON D. C.: President Donald Trump's administration announced late last week that it would stop all federal education funding...
NEW YORK, New York - Technology stocks fell sharply Wednesday, dragging down the industrial sector in its wake, as Donald Trump's trade...
KOKOMO, Mississippi: Myrtle, a beloved pet tortoise, is back with his family in Mississippi after being lost for weeks during a deadly...
NEW YORK CITY, New York: The helicopter tour company involved in a recent crash that killed a pilot and a visiting family from Spain...
WASHINGTON D. C.: President Donald Trump's administration announced late last week that it would stop all federal education funding...
JAKARTA, Indonesia: Indonesia is preparing a high-level visit to Washington with an ambitious offer to avert steep U.S. tariffs on...
WASHINGTON, D.C.: The U.S. Military Academy and the U.S. Air Force Academy will no longer use race when deciding who gets in. For many...
HONG KONG: Hong Kong's last major opposition party has begun the process of dissolving, a symbolic end to decades of pro-democracy...