China – How trade war with China could hit US pharmaceutical makers

The United States’ heavy reliance on China for prescription drugs is becoming a national security concern. The concern is that China could weaponize its drugs industry to squeeze the United States, much like its media and officials have threatened to do with rare earth minerals, as both countries face-off in an increasingly fraught trade war.

China has a plan to restrict the export of rare earths to the U.S. if the trade war gets deeper, Bloomberg reported recently. These minerals are vital for the electronics industry and for making artificial magnets, which have many industrial uses.

Rosemary Gibson, the author of ‘ChinaRx — Exposing the Risks of America’s Dependence on China for Medicine’ told Fox Business that the US was too dependent on China for medication. Gibson bluntly said that China’s aim is to disrupt, dominate and displace American companies and harm its ability to make its own medicines.

“In five to ten years we were at risk of losing our generic drug industry because China will use the same playbook and undercut our own producers and drive them out of business,” Gibson said….