That would appear to lift any immediate threat that the EU and Ireland could be hit with the 100 per cent tariff Mr Trump had threatened in a social media post on Friday. Mr Trump announced plans to hit pharmaceuticals with a 100 per cent import tax from October 1st, unless drugmakers were building new manufacturing plants in America. The tariff deal saw the EU agree to suck up across-the-board tariffs on future trade with the US. A commission spokesman said commitments from the Trump administration to limit any pharma tariffs to a 15 per cent ceiling were clear. Mr Trump also announced new tariffs on a number of other industries and products.

Source: The Irish Times September 26, 2025 19:52 UTC