Finance minister warns Cork would be hit hard by Trump's proposed 200% pharma tariffs
Finance minister Paschal Donohoe: 'The reason those supply chains are present in Ireland is because of the decades of experience and expertise that have been built up here.' File picture: Brian Lawless/PA
Finance minister Pascal Donohoe warned that Cork will be particularly impacted by tariffs on pharmaceuticals following threats by US president Donald Trump of levies totalling 200% on the pharma sector.
Donald Trump told a US cabinet meeting this week that tariffs on the industry would be imposed “very soon” and would be implemented at a “very high” rate, which he said would help push major drug makers to reposition their operations in favour of the US.
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