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Pharma Trump says Ireland 'took' US drug firms
The Guardian
|March 13, 2025
Donald Trump has accused Ireland of stealing its pharmaceutical industry and the tax revenue that should have been paid to the US Treasury, in a blow to the Irish premier, Micheál Martin, who had hoped to emerge unscathed from a visit to the White House marking St Patrick's Day.
The US president showed grudging respect for Martin, alternately ribbing and love-bombing him, while at the same time launching several broadsides against the European Union.
He repeatedly took aim at Ireland's historical low-tax policies, which had helped lure a glut of US multinationals including Pfizer, Boston Scientific and Ely to its shores.
They now drive Ireland's €72bn worth (£60bn) of annual exports to the US with taxes made on drugs consumed in the US booked in Ireland.
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