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Irish exports to US surge by 200% ahead of tariffs | |
(25 days later) | |
US President Donald Trump announced the trade tariffs in April | US President Donald Trump announced the trade tariffs in April |
The Republic of Ireland's goods exports to the United States surged by more than 200% in February. | The Republic of Ireland's goods exports to the United States surged by more than 200% in February. |
The move likely reflected companies getting goods into the country ahead of new tariffs. | The move likely reflected companies getting goods into the country ahead of new tariffs. |
Irish goods exports to the US in February 2024 were worth €4.2bn (£3.6bn) rising to just under €13bn (£11bn) in February this year. | Irish goods exports to the US in February 2024 were worth €4.2bn (£3.6bn) rising to just under €13bn (£11bn) in February this year. |
US President Donald Trump announced a round of tariffs earlier in April with the threat of more to come. | US President Donald Trump announced a round of tariffs earlier in April with the threat of more to come. |
Tariffs are effectively taxes applied to goods imported from other countries. | Tariffs are effectively taxes applied to goods imported from other countries. |
In 2024, Irish goods exports to the US were worth €73bn (£61bn), almost a third of the country's total exports. | In 2024, Irish goods exports to the US were worth €73bn (£61bn), almost a third of the country's total exports. |
Ireland's biggest export sector is pharmaceuticals. | Ireland's biggest export sector is pharmaceuticals. |
The country is a major manufacturing hub for US companies like Pfizer and Eli Lilly. | The country is a major manufacturing hub for US companies like Pfizer and Eli Lilly. |
In 2024 overall exports of medical and pharmaceutical products rose by €22.4bn (£18.8bn) or 29% to just under €100bn (£83.7bn). | In 2024 overall exports of medical and pharmaceutical products rose by €22.4bn (£18.8bn) or 29% to just under €100bn (£83.7bn). |
These products accounted for 45% of all Irish goods exports. | These products accounted for 45% of all Irish goods exports. |
Trump has repeatedly expressed his unhappiness at the scale of US pharma manufacturing in Ireland. | Trump has repeatedly expressed his unhappiness at the scale of US pharma manufacturing in Ireland. |
He has not yet imposed a specific tariff on pharma imports but says he still intends to do so. | He has not yet imposed a specific tariff on pharma imports but says he still intends to do so. |
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