Photograph: Alex Brandon/APAny threat to the landmark trade deal agreed between the EU and the Trump administration last summer would potentially have huge implications for the Republic. Trump vs the Fed: What does it mean for global trade and Ireland? Listen | 23:47“The pharmaceutical sector makes a significant contribution to the Irish economy, contributing via substantial levels of investment and high-paid employment. Around 70,000 workers are employed directly in the sector in Ireland, which last year manufactured €145 billion worth of exports. The scenario modelled is based on US unilateral tariffs of 15 per cent on goods imports from the rest of the world.

Source: The Irish Times January 19, 2026 07:30 UTC