Ireland’s pharma sector relieved as US-EU trade deal limits tariffs to 15%

The EU and US have agreed a 15% tariff ceiling on key exports, with carve-outs for pharmaceuticals, aviation, and agriculture

US President Donald Trump has repeatedly praised the sweeping US-EU trade framework, extolling it as “a big deal” in a Monday White House meeting with foreign leaders including European Commission President Ursula von der Leyen.

The US and EU have finalised a framework trade deal that includes a 15% tariff on most EU imports, including pharmaceuticals and semiconductors.

A three-page statement released today outlined details of the political agreement reached on July 27, confirming a 15% tariff ceiling on EU exports to the US. The move comes as a relief to Ireland's booming pharmaceutical sector.