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Reposted by Lori Wallach

Rethink Trade @rethinktrade.bsky.social · 9d

In case you missed it:

With no official policy document released, there’s still a lot we don’t know about Trump’s proposed pharmaceutical tariffs. But @wallachlori.bsky.social cexplains why generic drug supply chains matter—and what real solutions would look like.

🧵👇
bsky.app/profile/wall...

x.com

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Lori Wallach @wallachlori.bsky.social · 10d

ICYMI:

Lori Wallach @wallachlori.bsky.social · 12d

Sorry, can't do my usual "translation" of what Trump's latest tariffs mean. There is no Executive Order, Section 232 determination or other official policy doc. Just Truth Social posts. BUT, to make us less reliant on imported medicine, the generics...🧵

Trump's pharma tariffs arrive by way of Truth, offering 'relief' to many large drugmakers: analyst

The biopharma industry has spent much of this year grappling with fast-moving changes related to the Trump administration's trade policies. On Thursday, without warning, came another jolt. | The 100% ...

www.fiercepharma.com

Reposted by Lori Wallach

Lori Wallach @wallachlori.bsky.social · 12d

Sorry, can't do my usual "translation" of what Trump's latest tariffs mean. There is no Executive Order, Section 232 determination or other official policy doc. Just Truth Social posts. BUT, to make us less reliant on imported medicine, the generics...🧵

Trump's pharma tariffs arrive by way of Truth, offering 'relief' to many large drugmakers: analyst

The biopharma industry has spent much of this year grappling with fast-moving changes related to the Trump administration's trade policies. On Thursday, without warning, came another jolt. | The 100% ...

www.fiercepharma.com

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Lori Wallach @wallachlori.bsky.social · 12d

some plants here, so may be excluded anyway, is not going to fix a real problem. The Big Pharma monoplists seem happy about this move. But US national security & public health won't be helped unless the actual policy is VERY different fr how Trump's social post described it 6/6

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Lori Wallach @wallachlori.bsky.social · 12d

generic meds, for instance by closing various loopholes created by regulation, trade agreements and the Acetris Fed Circ Crt ruling that mean the HUGR govt meds buyers and drug prohrams are not preferencing domestic meds. Just targeting the brand name meds, most of whom have 5/

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Lori Wallach @wallachlori.bsky.social · 12d

break up the power of a few HUGE Pharmacy Benefit Managers, Group Purchasing Organizations and wholesalers who rejected US generic makers to maximize their profits by buying from plants overseas with poverty wages that dump pollution and policies to generate demand for US-made 4/

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Lori Wallach @wallachlori.bsky.social · 12d

categories and also diversify our import sources. It's like we learned nothing from COVID, when basic diuretcis, antibiotics and other meds went direly short. AND, while tariffs can be part of a plan, first incentive st oinvest in domestic production, anti-monoply policy to 3/

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Lori Wallach @wallachlori.bsky.social · 12d

excluded from new 100% tariffs on imported meds would be covered. Almost ALL of our generic meds, which represent a LOT of what we use, are imported and mainly from India and mainly made with ingrediants from China. We need to domestically produce more generic meds in numrous /2

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Lori Wallach @wallachlori.bsky.social · 12d

Sorry, can't do my usual "translation" of what Trump's latest tariffs mean. There is no Executive Order, Section 232 determination or other official policy doc. Just Truth Social posts. BUT, to make us less reliant on imported medicine, the generics...🧵

Trump's pharma tariffs arrive by way of Truth, offering 'relief' to many large drugmakers: analyst

The biopharma industry has spent much of this year grappling with fast-moving changes related to the Trump administration's trade policies. On Thursday, without warning, came another jolt. | The 100% ...

www.fiercepharma.com

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Lori Wallach @wallachlori.bsky.social · 28d

The US Supreme Court has granted a speedy review of Trump's authority to do some of the broadest tariffs. Oral arguments early Nov! Here's my quick take on some things to know about this case that has big implications for trade policy & for the parameters of presidential power.

Rethink Trade @rethinktrade.bsky.social · 28d

⚠️ BREAKING: SCOTUS is taking up Trump's tariffs.

Rethink Trade's Lori Wallach explains what you need to know. www.youtube.com/watch?v=o4TX...

BREAKING NEWS: SCOTUS is taking up a speedy review of President Trump's tariffs -

YouTube video by Rethink Trade

www.youtube.com

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Reposted by Lori Wallach

Marcy Kaptur @repmarcykaptur.bsky.social · Sep 5

🚨This month's job report is a stark warning: The Trump/GOP tariffs and tax policy continue to cause chaos, drive up costs, and lead to massive job loss. 78,000 job losses in manufacturing alone since January!

America’s job market flashes yet another warning sign about the economy | CNN Business

The US economy added just 22,000 jobs in August and the unemployment rate rose to 4.3%, the highest since 2021.

www.cnn.com

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Lori Wallach @wallachlori.bsky.social · Sep 5

Our analysis of Q1-2 25 found EVERY manufacturing indicator was down & significant increase in the US trade deficit compared to 1st six months of 2024. Tariffs can be an effective tools but Trump is committing tariff malpractise- on/off, wrong targets, etc

t.co/maznViMJJE

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Reposted by Lori Wallach

Rethink Trade @rethinktrade.bsky.social · Sep 5

Read our manufacturing report. We discuss it here: rethinktrade.org/trumptradema...

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Reposted by Lori Wallach

Rethink Trade @rethinktrade.bsky.social · Sep 3

ICYMI: Rethink Trade's @wallachlori.bsky.social appeared on Fox affiliates across the country to discuss just what the closure of the #deminimis loophole means for you:

www.youtube.com/watch?v=wr0n...

Rethink Trade's Lori Wallach Appears on Fox Affiliates to Discuss De Minimis Loophole Closure

Rethink Trade's Lori Wallach appeared on Fox affiliates across the country to discuss the significance of the de minimis loophole closure. Watch NOW.

www.youtube.com

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Lori Wallach @wallachlori.bsky.social · Sep 2

6) The bottomline is the appeals court supported the general notion that THESE Trump tariffs aren't allowed under IEEPA tho a majority of the Fed. Circ. wasn't convinced IEEPA never allows tariffs... However, the tariffs stay for now until the Sup Crt decides what to do. 10/10

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Lori Wallach @wallachlori.bsky.social · Sep 2

5) The majority remanded back to CIT how to deal w/ the scope of relief given the Sup Crt recently issued a ruling limiting national-scope injunctions. ie. should tariffs be lifted for just certain plaintiffs or all commerce given the majority ruled IEEPA doesn't allow them 9/

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Lori Wallach @wallachlori.bsky.social · Sep 2

4) As noted above, the majority supported part of the CIT rules and also VACATED part of it, ruling that the CIT "abused its discretion in vacating and permanently enjoining the operation of the Challenged Executive Orders" and noted a 4 factor test o decide injunctions. 8/

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Lori Wallach @wallachlori.bsky.social · Sep 2

Even more curious, of the 4 judges who think Trump's tariffs are fine under IEEPA -- two were Obama and two were Bush I appintees. And, the dissent is as long as the majority opinions - 60 pages each. 7/

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Lori Wallach @wallachlori.bsky.social · Sep 2

The 4 judges on the Fed Circ who think IEEPA doesn't allow ANY tariffs wrote an extra "concurring" opinion. This means they could not get the rest of the majority to join them... Even more notably: 4 judges issued a dissent ruling Trump's tariffs are fine under IEEPA 6/

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Lori Wallach @wallachlori.bsky.social · Sep 2

...the main claim by the plaintiffs. As w/ the CIT, the Fed Circ dodged that, ruling only IEEPA doesn't allow a prez to do the expansive "reciprocol" & "fentanyl" tariffs that Trump set on most nations. Notably, 4 of the majority 7 ruled tariffs aren't allowed via IEEPA at all 5/

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Lori Wallach @wallachlori.bsky.social · Sep 2

3) Of the 11 appeals judges hearing the case "en banc," the majority opinion affirming in part, vacating in part and remanding in part the CIT ruling was supported by 7 judges. This opinion does NOT rule that IEEPA can never be used by a president to impose tariffs which was...4/

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Lori Wallach @wallachlori.bsky.social · Sep 2

2) Many people expected the Fed Circ would rule that Trump cannot use IEEPA to unilaterally impose/lift tariffs on all nations indefinately of varying/high rates… BUT the actual 127-page document from the court has some very surprising aspects: 3/

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Lori Wallach @wallachlori.bsky.social · Sep 2

at least until mid-Oct. The ruling is stayed to allow the administration to decide whether to appeal to the Sup Court. AG Bondi said they are. When they file for certiori, the ruling will be stayed/tariffs stay until Sup Court decdes. Here's the ruling 2/ t.co/vNhc4zIcZq

https://storage.courtlistener.com/recap/gov.uscourts.cafc.23105/gov.uscourts.cafc.23105.159.0_1.pdf/2

t.co

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Lori Wallach @wallachlori.bsky.social · Sep 2

ICYMI:

The Fed. Circ. Appeals court just ruled on Trump's tariff authority, affirming the Crt of Intl Trade that the Int'l Emergency Economic Power Act doesnt provide authority for the expansive "reciprocol" & "fentanyl" tariffs. But nuanced...6 key things: 1)The tariffs stay in place🧵

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Lori Wallach @wallachlori.bsky.social · Aug 29

the most sophisticated logistics firms globally. Temu is now satisfying US orders w/ US-made goods. FedEx & UPS updated online to meet the new policy. Etc.
If termination of de minimis is properly implemented, the transition period will be shortish to a much better sitch! 11/11