1. Exports Drop Ireland’s pharma exports worth €billions in 2023 take a BIG hit. As U.S. buyers face higher prices, demand weakens.
2. GDP Growth Slows Pharma drives a big share of Ireland’s economy. Lower output dents national growth, confidence and reduces momentum.
3. Corporate Tax Falls In 2023, €24.5bn came from corporate tax, much of it from U.S. pharma giants. Less profit = smaller tax haul.
4. Markets React Bond spreads widen. Investors grow cautious. Ireland’s borrowing could get pricier as fiscal space tightens. Gov may cut spending. Business loans get pricier.
5. FDI Recalibrates U.S. multinationals may delay or scale down Irish investments. Uncertainty clouds Ireland’s “gateway to Europe” appeal.
6. Jobs at Risk Pharma employs ~40,000 directly in Ireland & a lot more indirectly. Slowdowns mean hiring freezes, reduced hours etc and local economies feel it first.
7. Households Tighten Less job certainty, weaker public finances. People spend less, save more. Consumer sentiment takes a hit.
Bottom Line: A U.S. tariff won’t just hit exports, it would ripple through Ireland’s economy, markets, and households. Smart policy response now essential.
Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
canisgallicus 