Trump advisor Navarro slams Big Pharma's criticism of possible 'Buy America' order [CNBC]
PERNOD RICARD UNSP/ADR (PDRDY)
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Source: CNBC
One of President Donald Trump's leading trade advisors slammed Big Pharma's attempts to lobby against an executive order he is preparing to push companies to relocate medical supply chains to the United States. When asked about the lobbying group PHRMA's push against the executive order, Peter Navvaro told CNBC: "This Big Pharma spin is simply a desperate attempt to stop President Donald J. Trump from moving the production of our essential medicines and medical equipment and supplies to the U.S." Navarro, known for his hawkish views on China, told CNBC earlier this week he is bringing an executive order to Trump that would aim to reduce the United States' dependency on foreign manufacturers for medicine. About 72% of pharmaceutical ingredient manufacturers supplying the U.S. are located overseas, including 13% in China, according to October congressional testimony by Janet Woodcock, director of the Food and Drug Administration's Center for Drug Evaluation and Research. The executive o
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