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Peter Navarro Outlines White House White House Initiative on Critical Supply Chains
[ConservativeTreehouse] Earlier today White House Trade and Manufacturing Advisor Peter Navarro discussed an initiative to lunch a new program spearheading new critical supply chains. The goal is to return manufacturing of pharmaceuticals, medicines and equipment back to America.

SUPPORTING AMERICAN SUPPLY CHAINS: The Trump Administration is signing a Letter of Interest in support of a deal that will help ensure essential medicines are produced in America.

* The Trump Administration is signing a Letter of Interest supporting a deal to transform Kodak into a pharmaceutical company that can help produce essential medicines in the United States.
* When the deal is final, the CEO of the U.S. International Development Finance Corporation (DFC) will use his delegated Defense Production Act (DPA) loan authority to provide a $765 million loan to launch Kodak Pharmaceuticals, which will create at least 360 jobs.
* With this loan, the company can build the capacity to produce essential medicines that have lapsed into chronic national shortage.
+ Once fully operational, Kodak will have the capacity to produce 25% of the generic active pharmaceutical ingredients necessary for all non-biologic and non-antibacterial pharmaceuticals used in the United States.
* Kodak will work with the Administration and drug product manufacturers to identify the products that are most needed to meet national security requirements.
Peter Navarro - Maria Bartiromo video at link.
Posted by: Cromoth Sheatch5463 2020-07-29
http://www.rantburg.com/poparticle.php?ID=578185