U.S. business groups warn 'Buy America' order would harm pandemic response

Health, Coronavırus, Germany, Advocacy Groups / Pressure Groups / Lobbies, International Trade, Tariffs, France, Health / Medicine, China (Prc), Aerospace / Defense (Legacy), Infectious Diseases, Pharmaceuticals And Medical Research (Trbc), Healthcare (Trbc), Communicable Diseases, Diseases, Aerospace And Defense (Trbc)

White House plans to expand 'Buy America' mandates to the medical equi...

Health, Coronavırus

26.3.2020

U.S. business groups warn 'Buy America' order would harm pandemic response

White House plans to expand 'Buy America' mandates to the medical equi...

Andrea Shalal 3 Min Read WASHINGTON (Reuters) - White House plans to expand “Buy America” mandates to the medical equipment and pharmaceutical sectors could worsen shortages of urgently needed medicines and delay discovery of a vaccine for the new coronavirus, over 80 business groups warned. A worker sells goods behind a makeshift plastic barricade during the outbreak of Coronavirus disease (COVID-19), in the Manhattan borough of New York City, New York, U.S., March 25, 2020. REUTERS/Carlo Allegri The U.S. Chamber of Commerce and dozens of other business and trade groups urged U.S. Treasury Secretary Steven Mnuchin, White House economic adviser Larry Kudlow and other top U.S. officials to drop plans for the order, arguing it would also damage U.S. trading relationship for years to come. “Preventing federal agencies from sourcing medical equipment and pharmaceutical ingredients from abroad ... would only exacerbate the supply shortages racking the United States,” said a letter from the groups, which was also addressed to Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer. White House trade adviser Peter Navarro, a long-time trade hawk who is crafting the order, told Fox News late on Wednesday evening that he expected movement on the issue shortly. “The president’s gonna get that done soon,” Navarro told Fox News’ “Hannity” program, without giving an exact date. The push has sparked concern in China and elsewhere, rekindling tensions with Beijing at a moment when global leaders are calling for a coordinated response to the outbreak. Trump will meet with Chinese President Xi Jinping and other leaders of the world’s 20 largest economies in an extraordinary video conference meeting on Thursday to map out a plan to combat the health and economic impacts of the pandemic. Navarro said the executive order would provide long-term incentives to U.S. companies to produce equipment in the United States through Buy America provisions, deregulation and incentives for 3D printing and other advanced technologies. In their letter, the groups, including the Pharmaceutical Research and Manufacturers of America, said U.S. industry would “do whatever it takes” to respond to the pandemic, which has infected over 53,000 in the United States and killed 730. But they said the order could worsen shortages of drugs and medical products and undermine prospects for economic recovery since U.S. companies needed access to international supply chains to produce needed goods. “The United States cannot shut itself off from the rest of the world,” the groups wrote. “Turning our backs on trading partners during a crisis could damage our relationships long after this pandemic ends,” they wrote. U.S. trading partners could also retaliate and limit U.S. imports if Washington imposed local content requirements, they said. Reporting by Andrea Shalal, Additional reporting by Eric Beech and Mohammad Zargham; Editing by Raju Gopalakrishnan Our Standards: Read more: Reuters Top News

Those businessmen have such short sight and only think about easy money. Can’t believe they still not yet wake up. wandainparis Great, somehow our stable maniacal non genius is introducing a new element into his already Non- brilliantly crafted trade war in the middle of a pandemic. 45 is further burdening & harming American citizens, angering trade partners & limiting supplies of needed products stop45

They specifically said 'buy America' doesn't apply to this

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Amber Heard and Girlfriend Bianca Butti Step Out to Buy Plants Together in Los AngelesAmber Heard‘s relationship with Bianca Butti is in bloom! On Monday, the couple was spotted flower shopping in Los Angeles, walking hand-in-hand together into a home… No one would know who the hell she was without Johnny Depp... She goes through men and women with the quickness 🤷🏻‍♀️ Out shopping? Ok then 😳😷😷😳

How to Buy the Best Tahini For the JobIt's worth it to seek out the good stuff.

5 things a doctor says you should buy to prepare for coronavirusYou only need enough supplies for two weeks, according to experts

Bill Ackman exits market hedges, uses $2 billion he made to buy more stocks including Hiltonits ok, everybody make mistakes. We will prevail! The sinful leveraging was last gasp failed KillsShot to take down USA/Trump. As USA markets are headed to test 2008 lows—The rippling damage has been done...in a thinning of the herd. Smart money was out early & now nibbling back on the way down. Lying sack.



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