The rates of Donald Trump are in danger of decimating the pharmaceutical industry of Ireland, because US president wants to “force” companies to move to America. Villages in County Cork, where large pharmaceutical operations take place, could see thousands of jobs disappear as the White House lures Companies back on the Atlantic Ocean.
Ringaskiddyhaven at the Cork Coast is surrounded by ‘large pharmaceutical plants that employ tens of thousands of local people and produce essential medical products for the treatment of cancer, rheumatoid arthritis, psoriasis, Crohn’s and Parkinson’s disease. The plants even produce Sildenafil, the active ingredient found in Viagra. Pharmaceutical products are such a large company in Ireland that the UK was worth £ 1.39 million last year.
Large companies such as Pfizer, Biomarin International, Depuy Johnson & Johnson, Thermo Fisher and others are all based on the port in Ringaskiddy. But now President Trump has threatened to terminate the zero or low rate policy for finished drugs in a movement designed to encourage such companies to the US.
Many of the companies that the president wants to return are located in China, but if he continued with the ax of the tariff exemption, it would also touch Ireland. In 2023 the industry was worth £ 50 billion for the Irish economy.
John Twomey, a local historian of amateur, said The Guardian: “If Pfizer and the others were to be closed … the collateral damage would be huge.
“Half of the place would be blown to pieces, all employees, the subcontractors, of the boys who deliver the toilet rolls to the farms that deliver meat for the canteens.”
According to the Industrial Development Agency, 21,500 people work in Ringaskiddy and the surrounding East Cork cities in pharmaceutical and biomedical cities. Moreover, thousands of jobs are indirectly dependent on massive employment in medicines.
Jack White, a local fine Gael councilor, said: “People with a normal background have received extraordinary prospects.
“People are worried because we have had such an enormous dependence on the pharmaceutical pharmaceutical for work in this area for generations. People not only have their lives and their financial planning on jobs in the pharmaceutical industry, but in secondary industries. There are the construction and scaffolding industry that are constantly presenting at locations like Pfizer, because their SITIES,” “
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