Pharmaceutical products spared from Trump’s tariffs for now

Drugs and other products, including some already subject to other tariffs, aren’t subject to the new levies

Ireland exports almost €60bn in pharmaceuticals to the US each year.

Pharmaceutical products will be spared from sweeping tariffs on major US trade partners for now, a small victory for drug companies who have been lobbying for an exemption from levies.

President Donald Trump on Wednesday announced the reciprocal tariffs on more than 60 countries, including members of the European Union and Switzerland. Trump has in the past said tariffs specifically targeting the pharmaceutical industry would come “soon.” He has specifically pointed to Ireland as one of the biggest exporters of drugs into the US.