01-08-2025
- Business
- Irish Independent
Trump tariffs of 15pc create ‘serious uncertainty' for Tipperary's pharma sector
'The confirmation of a 15pc tariff on Irish and EU pharmaceutical exports to the US has introduced serious uncertainty for key sectors in County Tipperary,' said Michelle Aylward, chief executive of County Tipperary Chamber.
'While it replaces the threat of even higher tariffs, it marks a major shift from the previously tariff-free status and creates concern across our pharmaceutical and supply chain members.
'Tipperary is uniquely exposed due to the presence of major multinational employers and local suppliers. Any increase in cost or disruption to trade could have direct consequences for jobs, manufacturing output, and long-term investment decisions in the region.
'Right now, the biggest challenge is the lack of clarity. Behind the headline figure lies a complex and still-unsettled deal with many unanswered questions.
'When will the tariffs actually take effect and how will they be applied? Will there be exemptions or carve-outs for specific drug categories?
'The fact that tariffs could increase again if the US deems the EU to have fallen short of broader targets is especially concerning,' said Ms Aylward. 'This is not a balanced or stable trade structure. We urge the Irish Government and European Commission to demonstrate clear leadership in seeking timely, detailed answers.
'Business needs certainty to plan. It is essential that Ireland not only protects existing trade but also supports companies in exploring alternative markets particularly given the likelihood of prolonged volatility in US trade policy.
'This is more than a trade issue. We are now entering a new era of strategic competition one that demands foresight on trade, energy security, digital regulation, and defence policy.
'Ireland and the EU must be proactive in securing our industrial base and protecting jobs in communities like Tipperary. Clarity isn't just desirable - it's essential,' added Ms Aylward.
