US President Donald Trump has again singled out Ireland's pharmaceutical industry as a target for tariffs. Trump was speaking as he announced 25% tariffs on cars and car parts imported into the US. Tariffs are effectively a tax on trade,

Concerns about potential pharma tariffs began before Trump took office after he repeatedly threatened a 25% tariff.

President Trump announced impending tariffs on the pharmaceutical industry and reiterated the imposition of 25% tariffs on auto imports, asserting it would bolster domestic production. He indicated that any deals with other countries to avoid tariffs would be considered only after reciprocal tariffs are enacted on April 2.