"There were moments last week where I believe it was almost palpable that there was an agreement nearly in place, and really what needs to happen in the hours and days ahead is a renewed effort to arrive at an agreement that can protect jobs, can protect economic stability in Ireland, in Europe and in the United States." "The EU and the US have huge potential to work together in pharma, but were the US to decide to do something that is ill-conceived or ill-thought out on pharma, I think that would have very significant consequences, not just for Ireland, but also for patients across the Atlantic and also for global supply chains. "The threat of a 30% tariff on EU imports into the US would be really serious in the context of the Irish economy, it would have a severe impact on growth, it could result in significant job losses and would really disrupt the international trading environment upon which the Irish economy is built," he said.
Author: Mícheál Lehane
Published at: 2025-07-14 23:00:01
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