US EditionProtecting Irish jobs a priority in trade war
- In 2025, US President Donald Trump threatened tariffs on pharmaceutical products, specifically citing Ireland, which expanded a global trade war and prompted concerns about firms reducing their presence in Ireland.
- Ireland had experienced a rapid economic recovery with strong growth, increased public spending, and budget surpluses, partly due to its large pharmaceutical industry being a primary driver of corporation tax.
- In January 2025, Irish exports to the US reached almost 12 billion, with 44.4 billion euros originating from the pharmaceutical and medical sector by the end of 2024, likely reflecting companies moving goods before tariffs.
- Taoiseach Micheál Martin and Finance Minister Paschal Donohoe acknowledged the seriousness of the potential economic shock, emphasizing the government's priority to protect Irish jobs and prepare for serious disruption, while hoping Ireland's relationship with the US may provide some protection.
- Economist Dan O'Brien warned that April 2nd was shaping up to be the worst day in Irish economic history since the 2008 financial crash, as Trump aims to bring pharmaceutical production back to the US and believes Ireland is taking advantage of them.
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Protecting Irish jobs a priority in trade war
Taoiseach Micheál Martin has said the Government's "over-arching priority" is to protect Irish jobs amid concerns US President Donald Trump's incoming tariff plans could see pharmaceutical and other firms reduce their presence in Ireland.
·Ireland
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‘I want to underline the scale of the shock we could face here in Ireland’ – Finance Minister Paschal Donohoe on looming US tariffs
Minister for Finance Paschal Donohoe said Ireland is going to face a “significant” economic challenge should US tariffs proceed as expected from next week.
·Ireland
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Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
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- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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