Ireland's 'Economic Miracle' At Risk From Tariffs

Source: International Business Times

A sign for US pharmaceutical giant Johnson and Johnson in Ringaskiddy, near Cork, southern Ireland, an area which has attracted many US pharma giants in recent years AFP The deal between the United States and the European Union may have averted a transatlantic trade war, but worries persist in Ireland where crucial sectors are dependent on US multinationals. Attracted primarily by low corporate taxes, huge pharmaceutical firms like Pfizer, Eli Lilly, and Johnson & Johnson, and tech giants like Apple, Google, and Meta have based their European headquarters there. The US investor influx has boosted Irish tax coffers and fuelled record budget surpluses in recent years.