David Perdue: Over the Last 20 Years, Various Admins Allowed the Pharmaceutical Manufacturing To Be Hollowed Out

RUSH TRANSCRIPT:
BARTIROMO: “Do you think this year is going to be enough time, for the United States, to ramp-up its supply chains so that we do not have to be so reliant on the Chinese supply chains I mean after all, you know, it is amazing to me, that we still rely on 90% underlying components pharmaceutical drugs made in China, India same with advanced semiconductor chips we’ve got to rely on 90% of that in Taiwan.”

PERDUE: “Talking about that for the last 10 years 2004 we are the largest producer of rare-earth elements largest commercial ship builder our pharmaceutical manufacturing then over last 20 years various administrations allowed industries hollowed out, President Trump came onstage 2016, 2017 said enough we think that China pushed America too far with bar to imbalance, he is fighting back, and this meeting, this week, goes a long way, to reestablishing our partnership in relationship so we can move forward going, equitably, in reciprocal role we haven’t seen had in a since China joined wto, 23 years ago.”