WASHINGTON (Reuters) -U.S. National Economic Council Director Kevin Hassett on Thursday dismissed the possibility of China retaliating to tariffs imposed this week by cutting off U.S. pharmaceutical supplies. During an interview on Fox News’ “The Story with Martha MacCallum,” Hassett was asked if he had any concern that China would cut off supplies to pharmaceuticals […]
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Hassett says no need to worry about China cutting off pharmaceutical supplies
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WASHINGTON (Reuters) -U.S. National Economic Council Director Kevin Hassett on Thursday dismissed the possibility of China retaliating to tariffs imposed this week by cutting off U.S. pharmaceutical supplies.
During an interview on Fox News’ “The Story with Martha MacCallum,” Hassett was asked if he had any concern that China would cut off supplies to pharmaceuticals as a result of 34% tariffs on Chinese goods announced by President Donald Trump on Wednesday.
“There are lots of other places to get pharmaceuticals. The problem is there aren’t a lot of pharmaceutical plants here in the U.S. and that’s why we have this policy to fix that,” Hassett said. “And so I don’t think people need to be worried about that and I don’t think that they would do that.”
(Reporting by Jasper Ward; Editing by Caitlin Webber)