The US and EU have finalised a framework trade deal that includes a 15% tariff on most EU imports, including pharmaceuticals and semiconductors.
A three-page statement released today outlined details of the political agreement reached on July 27, confirming a 15% tariff ceiling on EU exports to the US. The move comes as a relief to Ireland's booming pharmaceutical sector.
More than 90 pharmaceutical companies operate across the country, employing about 50,000 people, including 30,000 employed by US firms in Ireland.
Political Editor at The Irish Examiner, Paul Hosford, joined us on The Agenda this morning to tell us more about this.
We were also joined by President of the IFA (Irish Farmers Association), Francie Gorman, who said that the overall EU-US trade agreement will have negative effects, with further concern for the tillage sector.
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