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Will pharma companies leaving Ireland for US face tax penalties?

  • Ireland's pharmaceutical exports to the US could decrease by around half if a 20% tariff is imposed by the US and matched by the EU, according to Simon Harris.
  • Harris stated that this reduction may occur over a five-year period and emphasized the importance of avoiding such tariffs.
  • Approximately 45,000 people work in Ireland's pharmaceutical companies, which export about 58 billion euros in pharma and chemicals to the US annually.
  • Micheál Martin expressed the need to avoid worst-case scenarios regarding tariffs, stating they would damage the global economy.
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Santa Clarita Valley Signal broke the news in on Monday, March 31, 2025.
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