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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Total News Sources9
Leaning Left2Leaning Right2Center1Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
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