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“About 80% of what US pharma companies export back to the U.S. from Ireland is not the finished product, it goes into American factories, it creates jobs for American workers.”
Sadly, detailed and thoughtful analysis beyond “they sell us more than we sell them” is beyond the grasp of the president and his advisors.
Also, it’s important to make a distinction and understand the difference between a deficit and a subsidy.
Making distinctions and discerning differences is another major weakness in the White House’s repertoire.