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Donald Trump the Megathread part II - Mod Warning added to OP 10/1/26

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Comments

  • Registered Users, Registered Users 2, Paid Member Posts: 28,401 ✭✭✭✭Peregrinus


    I don't see how either withdrawing from the OECD tax treaty or reducing Corporation tax is going to negate the effect of tariffs for US firms importing pharmaceuticals from Ireland. This doesn't seem to make any sense at all. Can you explain?



  • Registered Users, Registered Users 2 Posts: 26,014 ✭✭✭✭Kermit.de.frog


    They'll be paying considerably less tax and that negates the tariff for US exporters. It's not complicated.

    The Americans left the OECD deal under Trump. Are you suggesting we don't have agency to do the same?

    We only joined it after the US agreed.



  • Registered Users, Registered Users 2, Paid Member Posts: 28,401 ✭✭✭✭Peregrinus


    On a CT reduction negating the effect of the tariffs, can you show me your workings? 'Cause I don't see how this is going to stack up.

    On withdrawing from the OECD tax treaty — yes, we can do that; any country can. I'm just looking for a reasoned case in support of your not-obviously-true assertion that it would be in our interests to do so.

    Fun fact: Ireland exports about €58 billion p.a. to the US in pharma. If they are subject to a 20% tariff that will attract tariffs of just a shade under €12 billion. So:

    (a) how much would Irish CT rates have to be cut so that US pharma companies operating in Ireland paid, between them, €12 billion less in corporation tax? (Do they even pay €12 billion now?)

    (b) If Irish CT rates were cut by that much, what would the total reduction in CT take in Ireland be?

    I ask because I know you've already done these calculations, because if you hadn't you'd be talking out of your arse, and we know you wouldn't do that, don't we?



  • Registered Users, Registered Users 2 Posts: 26,014 ✭✭✭✭Kermit.de.frog


    I'm not answering your post for a reason. The mods, so I believe, take a dim view now of passive bullying which is your last sentence.

    Post reported.

    Mod Edit: Warned for backseat moderation

    Post edited by Necro on


  • Registered Users, Registered Users 2 Posts: 22,168 ✭✭✭✭everlast75


    It seems to me like market manipulation.

    Every sentence uttered by Trump and his proxies has a direct and immediate effect on stock prices.

    I am convinced they are absolutely cleaning up behind the scenes.

    Elect a clown... Expect a circus



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  • Registered Users, Registered Users 2 Posts: 2,237 ✭✭✭aidanodr


    Looks like he is about to tariff PHARMA. Trump announces this at the National Republican Congressional Committee Tuesday night.

    "We're gonna tariff our pharmaceuticals and once we do that they're going to come rushing back," he said. "The advantage we have over everybody is that we're the big market. We're going to be announcing very shortly a major tariff on pharmaceuticals."

    https://www.salon.com/2025/04/08/theyre-kissing-my-ass-says-tariffs-are-going-great-promises-duty-on-pharmaceuticals/



  • Registered Users, Registered Users 2 Posts: 5,727 ✭✭✭Cody montana


    I’m not overly familiar with the bond market.

    But things look bad.



  • Registered Users, Registered Users 2 Posts: 16,353 ✭✭✭✭8-10




  • Registered Users, Registered Users 2 Posts: 1,450 ✭✭✭sock.rocker*


    I don't really get the tariffs on pharma. The drugs are trademarked, the doctors prescribe them, and the insurance companies generally pay for them.

    Why would you move a factory back to America when Americans still need to buy the drug you manufacture regardless of the price. A competing company can't start making the drug in America to undercut you.

    For generics, it's different. But I assume the big money is in newer more expensive drugs.



  • Registered Users, Registered Users 2 Posts: 6,024 ✭✭✭dogbert27


    And what American's should be asking themselves is why are they the biggest market for pharmaceutical drugs.



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  • Registered Users, Registered Users 2 Posts: 2,517 ✭✭✭SaoPaulo41


    BREAKING: Trump says US will soon announce tariffs on pharmaceutical imports

    President Donald Trump on Tuesday said the U.S. will soon announce a "major" tariff on pharmaceutical imports.

    Speaking to an event at the National Republican Congressional Committee, Trump said the tariff will incentivise drug companies to move their operations to the U.S.

    Nandita Bose, Reuters



  • Registered Users, Registered Users 2 Posts: 15,646 ✭✭✭✭Vicxas


    Surely that'll be the straw that breaks the camels back. Pharma make money hand over fist peddling price gouged paracetamol to US citizens. Messing with that will make a lot of their CEO's furious



  • Registered Users, Registered Users 2 Posts: 7,353 ✭✭✭eightieschewbaccy


    I think we'd all love to see your workings though. You've been claiming this as some master move and it seems more like you can't answer the question.



  • Registered Users, Registered Users 2 Posts: 14,092 ✭✭✭✭aloyisious


    Financiers for one. The party is run on donations. His stupidity has been harming their interests big time over the past few weeks. He is NOT A GOD and needs to to disabused of that idea, not confirmed in it.

    Post edited by aloyisious on


  • Registered Users, Registered Users 2 Posts: 1,450 ✭✭✭sock.rocker*


    How long till he threatens to stop paying back non-US held notes.



  • Registered Users, Registered Users 2, Paid Member Posts: 23,788 ✭✭✭✭Akrasia


    They'll just announce a silly figure 'we're gonna invest a trillion dollars in US facilities' Trump will claim the win. That investment will never happen because it takes at least half decade to commission a new biopharma facility even if the experienced and trained staff were available.

    And with DOGE and RFK in charge of the FDA they won't have the staff or funding required to validate all these new facilities so no foreign markets would trust those facilities are safe and allow imports.

    Monoclonal antibodies are incredibly valuable drugs but also very dangerous if not manufactured careful. (and the process is incredibly precise) It has happened in the past that some patients had their own immune systems turn against them from receiving a bad dose of a biopharma drug. Cytokine release syndrome

    https://pmc.ncbi.nlm.nih.gov/articles/PMC6003181/

    Chomsky(2017) on the Republican party

    "Has there ever been an organisation in human history that is dedicated, with such commitment, to the destruction of organised human life on Earth?"



  • Registered Users, Registered Users 2, Paid Member Posts: 23,788 ✭✭✭✭Akrasia


    That would be detrimental to his friend Putins cash reserves

    Chomsky(2017) on the Republican party

    "Has there ever been an organisation in human history that is dedicated, with such commitment, to the destruction of organised human life on Earth?"



  • Registered Users, Registered Users 2, Paid Member Posts: 12,365 ✭✭✭✭fullstop


    He isn’t within an asses roar of 2.5 or 2.8. I doubt he’s below 12.5. He takes a gimme for anything inside 6 feet, so you could add 4 or 5 shots a round easily for that. Someone mentioned the round with Bryson…his putting stroke looks like he’s trying to gut a fish. Probably explains the gimmes.



  • Registered Users, Registered Users 2 Posts: 2,517 ✭✭✭SaoPaulo41


    When Trump says "major" tariff on Pharma , what are we looking at 50% more?



  • Registered Users, Registered Users 2, Paid Member Posts: 5,974 ✭✭✭Widdensushi


    It's the people using have to pay the tariff, surely they have some voice also.



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  • Registered Users, Registered Users 2, Paid Member Posts: 3,131 ✭✭✭Hoop66


    So, you haven't done the calculations then?

    And, thus, we can deduce that…



  • Registered Users, Registered Users 2, Paid Member Posts: 28,401 ✭✭✭✭Peregrinus


    YOu can't read anything into "major". That word, along with "beautiful" and a few others, is used by Trump as a filler. It has literally zero meaning.

    Trump has previously suggested pharmaceutical tariffs of "25% or higher", but Trump often suggests things that he does not follow through with. Saying now that the tariffs will be "major" doesn't really give us much more to work with.

    Not directly with Trump; he doesn't care about them. But Republican congressmen will be worried about the mid-term elections due in November next year, and they will be at least a bit attentive to constituents' concerns about the price of drugs. They have so far proved completely spineless when resisting anything Trump wants, but as the election approaches that may change.

    (Congress does control tariffs; the President only has authority to impose tariffs in response to an emergency, and if Congress doesn't like the way he exercises that power it can overrule him.)



  • Registered Users, Registered Users 2 Posts: 16,353 ✭✭✭✭8-10


    He's also about to turn 79 years old

    I'd imagine he's well above average for his age



  • Registered Users, Registered Users 2, Paid Member Posts: 28,401 ✭✭✭✭Peregrinus


    There are often a couple of different drugs that can be used to treat the same condition. If one of them secures a price advantage by relocating production to the US and so avoiding the tariffs, they can expect health insurers to encourage/pressure doctors to prescribe that drug in preference to the more expensive alternatives that are still produced abroad and imported. Hence there's the prospect of a competitive advantage for the pharma company that onshores production of at least some drugs.

    But it's an unstable advantage, since at any time another pharma company might onshore the production of its drug. So it would be risky to invest a lot in onshoring production in the expectation of being the only company to do so. And relocating pharma production facilities is very expensive; pharma companies won't do it unless they are convinced that the Trump tariffs are a permanent feature. Since virtually nothing Trump does is permanent, they'll be slow to come to that conclusion.



  • Registered Users, Registered Users 2 Posts: 19,431 ✭✭✭✭VinLieger


    Also the time it takes to move production is 5+ years so well beyond his term in office and at the moment it doesnt look like the tariffs will last until the summer let alone his entire term



  • Registered Users, Registered Users 2 Posts: 32,907 ✭✭✭✭breezy1985


    For all his talk of job creation I assume all this is going to have a hugely detrimental effect on the very working class jobs in the docks and shipping.



  • Registered Users, Registered Users 2, Paid Member Posts: 37,048 ✭✭✭✭Penn


    It's always crazy watching US television (eg. during sports or news broadcasts), and the ads they have for different medicines.

    "If you have an itchy arm, ask your doctor if Flimoxitocin is right for you!

    Side effects may include nausea, headaches, migraines, irritations, more itchiness, diarrhea and/or constipation, external bleeding, internal bleeding, dandruff on your kidneys, excess hair growth, ear detachment, smelling like salmon, paralysis, fungal infection, liking pineapple on pizza, ear cataracts, heart palpatations, acid reflux or just instant death.

    Talk to your doctor today!"



  • Registered Users, Registered Users 2 Posts: 2,237 ✭✭✭aidanodr


    As night follows day .. pharma stocks getting hammered it seems



  • Registered Users, Registered Users 2 Posts: 326 ✭✭Aurelian


    If a factory sells 50% of it's product to the US and 50% globally, it would need a serious incentive to make the capital investment and reshore to the US with higher corporation tax and wage costs. Especially in the context of such unstable government policy where tariffs could be raised, lowered, cancelled etc overnight.



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  • Registered Users, Registered Users 2 Posts: 1,694 ✭✭✭kyote00


    if he ever decides to ‘tariff’ services and EU reciprocate then it is truly chaos…



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