Fear is mounting that pharmaceutical companies could be hit with additional tariffs on goods exported to the US.
Donald Trump is expected to announce 20% tariffs on all EU goods at 9 o’clock tonight.
Over 20,000 people are employed in the Bio-pharma and medical device sector in Cork.
Speaking to RedFM News, Conor Healy of Cork Chamber says extra tariffs on pharmaceutical products could have a major impact:
"The bigger concern at the moment in the factor of the unknown is whether certain sectors like the pharmaceutical sector would be targeted for additional tariffs over and above whatever the baseline might be. I think that might be a major concern and it would change the perspective and the environment quite significantly."
