Donald Trump tariffs: Ireland urges EU to exempt food and alcohol in tariffs as Trump flags levies for pharma industry in ‘near future’
On Wednesday, US president Donald Trump announced a minimum baseline tariff of 10pc on all imports from all countries, with additional higher rates for some regions – including a 20pc tax on goods from Ireland and the rest of the EU.
Pharmaceuticals are currently exempt from measures – but Mr Trump has previously threatened tariffs on the sector and may yet make further orders.
Asked if he believed the tariff exemption would be temporary, Mr Martin said: “We don’t know that. I think what’s happening there is it’s much more complex than might have been originally thought on the US side. There are a lot of complex supply chain issues.
“Also the cost of medicines would go up immediately for American citizens.”
Mr Martin’s comments expressed more uncertainty than Tánaiste Simon Harris who had earlier said his “working…
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