Industry And Cluster | News & Insights

US and China

Published: August 7, 2020
Author: G.Thulessiraman

Beijing, the Capital of China shall pay the price for the wound it has caused to America and the world by spreading the deadly coronavirus. US has decided to end its reliance on China and other foreign nations for pharmaceuticals and medical supplies. President Trump and several leaders of other countries have accused China of not being transparent in reporting about the deadly disease, leading to huge human casualties and economic crisis across the world.

China, however, has denied US’ accusation of covering up the extent of its coronavirus outbreak and accused America of attempting to divert public attention by insinuating that the virus originated from a virology laboratory in Wuhan.

“What China did is a terrible thing. Whether it was incompetence or on purpose, it was a terrible thing that they did … not only to the United States, but to the world. A terrible thing,” Trump told reporters at the White House on Thursday before flying to Ohio to visit a Whirlpool manufacturing plant.

With the vision of bringing million more jobs and thousands of factories to the US Trump said, “Over the course of the next four years, we will bring our pharmaceutical and medical supply chains home and we will end reliance on China and other foreign nations.”

Trump signed an executive order which mentioned when it came to essentials the US will buy American. “My fifth promise to American workers is to bring back American jobs and factories using every tool at my disposal—including tariffs, countervailing duties, and new trade deals based on the principle of fairness and reciprocity,” he said.

“As long as I am President of the United States, I will fight for you with every ounce of energy and strength that I have. I will be your voice. I will defend your jobs. I will stand up to foreign trade cheaters and violators,” Trump said.

“And speaking of pharmaceuticals, we instituted four moves, rebates, favorite nations, and other things buying from other nations where they have the product, the same exact pills, identical, made in the same factory for a fraction, just a small fraction of the cost. We buy from other countries as opposed to buying through this ridiculous quagmire of political scam that we’ve been going through for many years,” Trump said.

NEWS REPORTED BY:

VRIDHI BHAGNARI.

CONTACT DETAILS: [email protected]

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