Pharma exports from Ireland doubled ‘to avoid Trump tax bills’


Source: extra.ie extra.ie

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Pharma exports from Ireland to the US multiplied in February and March as firms rushed to avoid Donald Trump’s huge tariffs. Around half a year’s supply of medicines, worth $ 42 billion, were shipped to the US from Ireland and stockpiled in advance of the US president’s sweeping ‘Liberation Day’ charges. Today's top videos STORY CONTINUES BELOW Mr Trump has repeatedly declared that he intends to target Ireland’s pharma industry, a key driver of our corporation tax receipts. US President Donald Trump. Pic: Doug Mills-Pool/Getty Images One economist described the export figures as ‘gargantuan’ and aimed solely at avoiding tax....