Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

‘Sweetheart’ drug deals with China are a clear and present danger to America: Sen. Hawley

by April 3, 2023
April 3, 2023
‘Sweetheart’ drug deals with China are a clear and present danger to America: Sen. Hawley

Critical drug shortages in the U.S. are on the rise due to a deal that gave China dominance over the global supply chain, posing a national security threat, Sen. Josh Hawley told Fox News.

Drug shortages in the U.S. increased 30% in 2022 compared to the year prior, according to a Senate Homeland Security & Governmental Affairs report released last month. Some antibiotics, anesthetics, cancer treatments, emergency room supplies and kids’ medicines are among the drugs facing shortages. 

‘We are dependent on China overwhelmingly for our critical medical supply chains,’ Hawley, who sits on the committee, said. ‘You talk about being dependent, you talk about a national security threat, that’s a national security threat.’

‘That is a direct threat to our independence and to the health of our people,’ he said.

CHINA CONTROLLING THE GLOBAL DRUG SUPPLY CHAIN THREATENS U.S. NATIONAL SECURITY: HAWLEY

In some cases, 90% of the key ingredients originate in China or India, according to the Senate report. It also found that active drug shortages peaked in the U.S. at the end of 2022. 

‘We are dependent on China overwhelmingly for our critical medical supply chains,’ Hawley said. ‘You look at the precursors, the key precursors for making pharmaceutical drugs, prescriptions that Americans rely on, 60% of those are made in China or India.’

‘We should make these drugs, including the precursors in the United States of America,’ the Missouri Republican told Fox News. ‘We can start by withdrawing China’s most favored nation status, the sweetheart trade deal that we gave them 20 years ago.’

The U.S. Senate granted China most favored nation status ahead of Beijing joining the World Trade Organization. In practice, the U.S. is obligated to provide China with preferential treatment for trade deals and tariffs. 

Hawley recently proposed a bill that would rescind China’s most favored nation trade status. The legislation would also ‘subject imports from China to higher tariff rates,’ according to his office.

‘During COVID, China threatened to withhold a key precursor drug, a key precursor element for cancer treatments,’ Sen. Hawley told Fox News. ‘If they had gone through and done that, it would have cut our supply in half at all of our [Department of Veterans Affairs] hospitals across the country overnight.’ 

Additionally, the number of FDA-approved pharmaceutical ingredient manufacturers based in China more than doubled between 2010 – 2015, according to the Senate report. 

Bringing domestic drug manufacturing back to the states is also gaining bipartisan momentum in the House of Representatives.

Two Republicans and two Democrats last month launched the Domestic Pharmaceutical Manufacturing Caucus, which is intended ‘to reduce American reliance on foreign adversaries, head off potential supply chain disruptions, and ensure a steady supply of pharmaceuticals in the event of public health emergencies or natural disasters,’ according to a press release. 

‘Currently, only about 10% of our critical prescription drugs or their precursors are made in America, 90% made somewhere else,’ Hawley told Fox News. ‘Listen, not only is that bad for patients, it’s bad for workers.’

Bringing high-paying pharmaceutical jobs back to the U.S. would help the economy while simultaneously cutting reliance on Chinese manufacturing, the senator said. But building domestic drug manufacturing facilities could take years, which, in the case of any future world conflicts, could pose a threat.

‘If we don’t do anything now, ahead of the curve, we will be at their mercy,’ he told Fox News. ‘We need to bring good-paying jobs back to this country, making these critical supplies that we literally rely on to live.’

To watch the full interview with Hawley, click here.

Jon Michael Raasch is an associate producer/writer with Fox News Digital Originals.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
BEWARE Leveraged ETFs: Invest With Caution
next post
Defiant Trump announces Florida event just hours after Tuesday’s court appearance in New York

You may also like

Hero Israeli tank commander killed after storming Hamas...

November 13, 2023

Antifa in Portland Is Boasting about Committing Regular...

November 5, 2022

WH Security Council’s John Kirby mocks Putin re-election...

December 10, 2023

Victims react to new intelligence community report that...

January 14, 2025

NEW: California to Ban Gas and Diesel Trucks...

November 23, 2022

Encircling Taiwan was a smokescreen for China’s real...

October 20, 2024

Constitution Party nominee aiming to help Trump, ‘destroy’...

August 21, 2024

‘We’ve seen the corruption’: House GOP aims to...

January 11, 2023

Former Illinois GOP gubernatorial candidate Darren Bailey launches...

July 5, 2023

Watch: President Trump On Speaker Phone Gives Blake...

October 27, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,570)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved