this post was submitted on 15 Apr 2025
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[–] Carcharodonna@hexbear.net 20 points 6 days ago

Correct me if I'm wrong, but pharma tariffs from the US don't seem all that scary from the EU perspective since the cost is just gonna get passed onto health insurance companies and therefore patients, but they don't seem likely to lose that market. It's just going to make life worse for people in the US who depend on those medications. On the other hand, China is a 1.4 billion person market which seems like it would be pretty hard to pass up.

The pharma companies have also been front-loading anyways, in preparation for this:

CSO data published on Tuesday showed there was a more than five-fold increase in pharmaceutical exports to the US in February compared with the same month last year, up from 1.87 billion to 10.45 billion euro.

Exports to the US in general were up 210%.

EY Ireland partner and chief economist Dr Loretta O’Sullivan said: “This bears all the hallmarks of a pre-emptive strike.

“The pharmaceutical sector was not alone in frontloading in February; the drinks industry also took steps to get ahead of policy shifts by the Trump administration, a smart move now that whiskey and other products have been hit with a 10% tariff.