With help from Adam Behsudi and Sabrina Rodriguez
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– Presidents Donald Trump and 3M reached an agreement to import 166.5 million N-95 masks into the US which also allows the company to continue shipping to Canada and Latin America.
– Chair of House Ways and Means Richard Neal (D-Mass.) And Chair of the Senate Finance Chuck Grassley (R-Iowa) request ITC to help identify imports of medical products needed to combat the corona virus.
– The World Health Organization supports Costa Rica’s proposal which will create a voluntary collection of patents, test data and other information to make drugs and vaccines to treat Covid-19.
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U.S., 3M REACHED DEAL ABOUT CANADA MASKER IN ANIMALS: The Trump administration reached an agreement with 3M on Monday that would allow the Minnesota-based company to continue supplying N-95 masks to its customers in Canada and Latin America, just days after the White House requested the Defense Production Act to stop the shipment.
“We have reached an agreement, a very friendly agreement, with 3M for the delivery of an additional 55.5 million high-quality face masks every month,” President Donald Trump said at his coronavirus daily briefing. We will get more than 166.5 million masks in the next few months for our frontline health care workers. So 3M’s story ends very happily. “
Made in China: 3M said it would import 166.5 million respirators for the US market, starting in April, mainly from its manufacturing facilities in China. He also said the Trump administration had committed “to work to overcome and eliminate export restrictions and regulations to enable this plan.” Imports complement the 35 million N-95 respirators the company produces each month in the United States.
The agreement also allows 3M to continue sending respirators produced in the U.S. to Canada and Latin America, where 3M is the main source of supply, the company said.
Strong diplomacy: The deal follows a number of telephone calls between US and Canadian officials over the past few days, including one on Monday between US Secretary of State Mike Pompeo and Canadian Foreign Minister Francois-Philippe Champagne.
Ontario Prime Minister Doug Ford said Monday he had a “positive” conversation with US Trade Representative Robert Lighthizer on Sunday about the US decision to stop sending 3M masks north of the border. Canadian Deputy Prime Minister Chrystia Freeland has also been in frequent contact with Vice President Mike Pence, Ford said.
Ontario, which is the most populous province in Canada, has only one week of medical protective equipment left on Monday, Ford said. The province has ordered more than 3 million N-95 masks produced by 3M in South Dakota but the shipment was stopped, he said. Around 500,000 should have been released on Monday, Said Ford before Trump’s announcement.
Last week, Trump issued an order that he said was intended to stop it “Immoral” export personal protective equipment by profiteers. “We have the same goal of providing desperately needed respirators for Americans throughout our country and fighting criminals who are trying to take advantage of the current crisis,” said 3M Chairman and CEO Mike Roman.
TRUMP WARNS INDIA ABOUT DRUG EXPORT: Trump warned India there would be a price to pay if it followed up on a plan to ban the export of hydroxychloroquine, even though the US had imposed its own export restrictions on certain medical protective equipment. India is a leading producer of anti-malaria drugs, which Trump has cited as a miraculous treatment for the corona virus even though it exists there is no solid data that supports its effectiveness.
Trump said he spoke with Indian Prime Minister Narendra Modi on Sunday and would be surprised if India did indeed ban the export of drugs to the United States. “If he doesn’t let him out, it will be fine but of course there may be retaliation,” he said.
LEADER FORMER LEADERS FOR ACTION G-20 STRONG: A group of former government leaders, including former British Prime Minister Tony Blair and former US Secretary General Ban Ki-Moon, has requested G-20 countries to approve $ 8 billion in global health emergency funding to prevent the second wave of coronavirus. The recommendations include $ 1 billion this year for the World Health Organization, $ 3 billion for vaccines and $ 2.25 billion for therapy.
NEAL, GRASSLEY ASK ITC TO IDENTIFY MEDICAL GOODS REQUIRED: Neal and Grassley on Monday called on the US International Trade Commission to prepare a report identifying products needed by the US to respond to the pandemic.
The aim is to “assist the Committee and USTR in proposing or taking appropriate and responsive actions,” they said in a letter to ITC Chair David Johanson. It came after USTR last month open the public comment process to determine whether to eliminate additional tariffs on products relevant to the medical response to corona virus. MPs asked for the report to be completed on April 30, and said they would publish it.
WHO RETURNS PROPOSAL POOL PATENT: The World Health Organization supports Costa Rica’s proposal to create a collection of patents, test data and other information to make medicines and vaccines to treat Covid-19. The concept will provide free or affordable access to information to license drug manufacturing.
“I ask all countries, companies and research institutions to support open data, open knowledge and open collaboration so that everyone can enjoy the benefits of science and research,” WHO Director General Tedros Adhanom Ghebreyesus said Monday at a media briefing, adding that WHO is working with Costa Rica to finalize the details of the patent pool.
Gilead introduces: California biotechnology company, Gilead Sciences, said it would donate supplies of remdesivir, an experimental antiviral drug, to patients in need. Studies are being carried out on the drug as a possible treatment for corona virus. Companies also increase production, even when clinical trials are being carried out to test its effectiveness.
“We made the decision to invest and improve it, because if remdesivir is needed for patients, we must be prepared,” Chairman and CEO Daniel O’Day write in the update.
DINGELL HOPES COVID-19 MAKES OUTSOURING AS RETHINK: Reputation. Debbie Dingell on Monday expressed hope that the US would restore manufacturing jobs in the long run – after a controlled coronavirus pandemic – after seeing a crisis caused by lack of domestic production for medical supplies needed.
In the “long term we will bring the supply chain back to the United States … because we cannot rely so heavily on other countries,” said the Michigan Democrat during a webinar hosted by the Rethink Trade Coalition.
Slow on USMCA: Dingell, a NAFTA critic, also said the implementation of USMCA had to be postponed given how the pandemic had destroyed the industry.
DEFISITED US TRADING THAT CANNOT BE RECOGNIZED: And Ikenson, director of the Cato Institute’s Center for Trade Policy Studies, mocks Trump’s obsession with reducing the trade deficit in the latest blog post dive into the U.S. trade in a valuable commodity – toilet paper.
If it wasn’t for imports, Ikenson argues, there would be more fights in the grocery store about hairy white goods. That’s because the United States exported around 800 million rolls in 2019, but imported 2.2 billion – a difference of 1.4 billion.
All foreign toilet paper contributes to the US trade deficit but also helps satisfy the average American demand for 141 rolls per year, the highest in any country. “Trade helps meet the demand for toilet networks of 10 million Americans. That’s 10 million fewer people who are ready to rumble in the aisles of Target and Walmart, “Ikenson wrote.
– U.S. Producers urging new national strategies to emerge from the crisis, POLITICO Pro report.
– Trump’s trade adviser Peter Navarro “warned the White House in January about the risk of a pandemic,” The New York Times reports.
– Shopping habits in Europe change when people buy a lifetime during a pandemic, POLITICO Pro report.
– Shale billionaire tries to push Trump across the finish line on oil rates, Washington Examiner reports.
– The World Trade Organization and the World Customs Organization said in a joint statement they will do everything in their power to increase trade cooperation between member states and minimize disruption.
– Trump risks taking a job risk in the US while saving the Apple factory in Austin, Bloomberg Report.
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