Irish Exports to US Fall Again as Tariff Front-Loading Subsides

Exports from Ireland to the US fell again in July, implying that tariff front-loading by some multinationals has moderated for now.

Foreign sales of goods slumped by 17% to €4.4 billion ($5.2 billion) compared with July last year, the statistics office said Monday. On a monthly basis, July marked the second month in a row of falling medical and pharmaceutical exports, one of the main exports from Ireland to the US.

The numbers suggest US drug making giants with Irish manufacturing bases had been stockpiling ahead of potential sectoral tariffs imposed US President Donald Trump, which still haven’t ...