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US drugmakers using Ireland for tax advantages face billions in tariffs from planned 15% levy on European medicines. Companies may shift production to the US, incurring increased costs.
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TariffsΒ and TradeTariff TrackerTimelineChina Tariff TruceA Force of Diplomacy?Small Businesses PrepareIndirect ShipmentsAdvertisementSKIP ADVERTISEMENTYou have been granted access, use your keyboard to continue reading.Supported bySKIP ADVERTISEMENTTariffs Set to Hit Ireland, Where U.S. Drugmakers Play Tax GamesManufacturing in Ireland has long helped many American drug companies pay lower taxes. But that strategy was designed for a world without President Trumpβs tariffs.Listen to this article Β· 9:50 min Learn moreShare full articleA Johnson & Johnson plant in County Cork, Ireland. The pharma giant is one of many that manufactures brand-name drugs in Ireland.Credit...David Creedon/Alamy Live NewsBy Rebecca RobbinsPublished Aug. 14, 2025Updated Aug. 15, 2025, 9:17 a.m. ETPresident Trumpβs planned 15 percent tariff on medicines from Europe has shined a spotlight on Ireland, which sends the United States tens of billions of dollarsβ worth of cancer medications, weight-loss drug ingredien...
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