Tags: peter navarro | medicines | foreign dependency

Navarro: Executive Order Will Help Reduce Foreign Dependency on Meds

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White House Trade Adviser Peter Navarro

By    |   Monday, 16 March 2020 12:22 PM

The Trump administration is urgently working on helping relocate medical supply chains from overseas to the U.S., White House trade adviser Peter Navarro told CNBC on Monday.

Navarro said President Donald Trump personally asked him to quickly prepare an executive order that would make this happen, since there is a pressing need to manufacture more medical equipment and supplies in the U.S.

He stressed “how dependent the United States of America is on the global supply chain, not just for its medicines but for its medical supplies and medical equipment,” adding that 70% of the ingredients used in advanced pharmaceuticals “comes from abroad.”

Navarro said that the goal of the executive order “is to bring all of that home so that we don’t have to worry about foreign dependency.”

He emphasized that the current situation is that the departments of Veterans Affairs, Health and Human Services and Defense buy significant amounts of medical equipment, noting that  “We need to have them buy that from American producers on American soil. And what that will do is attract investment.”

Navaro said a major part of his efforts are that “I’m working to get a bunch of money that Congress appropriated in emergency supplemental to flip a switch in an advanced manufacturing facility in Virginia within 30 to 45 days so we can make stuff here and do it more cost efficiently than everybody else around the world.”

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The Trump administration is urgently working on helping relocate medical supply chains from overseas to the U.S., White House trade adviser Peter Navarro told CNBC on Monday.
peter navarro, medicines, foreign dependency
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2020-22-16
Monday, 16 March 2020 12:22 PM
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