31-07-2025
- Business
- Irish Independent
Reprieve for pharma as 15pc tariffs await report from Lutnick
US still to publish outcome of its probe into sector
The 15pc tariff on exports of pharma products to the United States will not come into effect from tomorrow, according to analysts, and may not take effect for weeks or even months.
Conal Mac Coille, chief economist at Bank of Ireland, said his interpretation of a briefing note from the European Commission on the EU-US trade deal is that tariffs on pharma will remain at the current 0pc until US president Donald Trump's administration completes a separate investigation of the sector.
