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Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n
Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n
Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n
Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nSamsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n
Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n
Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n
Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nNotably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n
Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n
Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n
Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n
Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\nOn March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
A study examining the potential application of industry-specific tariffs was mentioned by three of the four sources, along with an additional source knowledgeable about the issue.<\/p>\n\n\n\n Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
However, the major multinational pharmaceutical companies anticipate that U.S. tariffs on medical products are unavoidable. They aim for a gradual increase to the threatened 25% tariff rather than having it applied from the start. \"The notion of a gradual tariff increase, a kind of tiered approach, is certainly being discussed within the pharmaceutical industry,\" one source mentioned.<\/p>\n\n\n\n A study examining the potential application of industry-specific tariffs was mentioned by three of the four sources, along with an additional source knowledgeable about the issue.<\/p>\n\n\n\n Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Four sources, who requested anonymity due to the confidential nature of discussions between the administration and the industry, shared their understanding that Trump will not provide details about any pharmaceutical tariffs on Wednesday.<\/p>\n\n\n\n However, the major multinational pharmaceutical companies anticipate that U.S. tariffs on medical products are unavoidable. They aim for a gradual increase to the threatened 25% tariff rather than having it applied from the start. \"The notion of a gradual tariff increase, a kind of tiered approach, is certainly being discussed within the pharmaceutical industry,\" one source mentioned.<\/p>\n\n\n\n A study examining the potential application of industry-specific tariffs was mentioned by three of the four sources, along with an additional source knowledgeable about the issue.<\/p>\n\n\n\n Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Trump plans to reveal a large tariff initiative. He stated that the upcoming reciprocal tariffs <\/a>will apply to all countries, rather than just a select group of 10 to 15 with the highest trade deficits. He has indicated that he will soon impose tariffs on the pharmaceutical industry, which has previously been spared from past trade conflicts, following his actions against other sectors. <\/p>\n\n\n\n Four sources, who requested anonymity due to the confidential nature of discussions between the administration and the industry, shared their understanding that Trump will not provide details about any pharmaceutical tariffs on Wednesday.<\/p>\n\n\n\n However, the major multinational pharmaceutical companies anticipate that U.S. tariffs on medical products are unavoidable. They aim for a gradual increase to the threatened 25% tariff rather than having it applied from the start. \"The notion of a gradual tariff increase, a kind of tiered approach, is certainly being discussed within the pharmaceutical industry,\" one source mentioned.<\/p>\n\n\n\n A study examining the potential application of industry-specific tariffs was mentioned by three of the four sources, along with an additional source knowledgeable about the issue.<\/p>\n\n\n\n Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Drugmakers, pharmaceutical makers are reportedly lobbying U.S. President Donald Trump<\/a> to reduce tariffs on imported pharmaceutical products in an effort to ease the sting from the charges and to give them time to shift manufacturing, Reuters revealed.<\/p>\n\n\n\n Trump plans to reveal a large tariff initiative. He stated that the upcoming reciprocal tariffs <\/a>will apply to all countries, rather than just a select group of 10 to 15 with the highest trade deficits. He has indicated that he will soon impose tariffs on the pharmaceutical industry, which has previously been spared from past trade conflicts, following his actions against other sectors. <\/p>\n\n\n\n Four sources, who requested anonymity due to the confidential nature of discussions between the administration and the industry, shared their understanding that Trump will not provide details about any pharmaceutical tariffs on Wednesday.<\/p>\n\n\n\n However, the major multinational pharmaceutical companies anticipate that U.S. tariffs on medical products are unavoidable. They aim for a gradual increase to the threatened 25% tariff rather than having it applied from the start. \"The notion of a gradual tariff increase, a kind of tiered approach, is certainly being discussed within the pharmaceutical industry,\" one source mentioned.<\/p>\n\n\n\n A study examining the potential application of industry-specific tariffs was mentioned by three of the four sources, along with an additional source knowledgeable about the issue.<\/p>\n\n\n\n Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
<\/p>\n","post_title":"US automakers lobby Trump to exempt car parts from tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-automakers-lobby-trump-to-exempt-car-parts-from-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-07 15:54:13","post_modified_gmt":"2025-04-07 15:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7482","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7474,"post_author":"7","post_date":"2025-04-04 16:02:20","post_date_gmt":"2025-04-04 16:02:20","post_content":"\n Drugmakers, pharmaceutical makers are reportedly lobbying U.S. President Donald Trump<\/a> to reduce tariffs on imported pharmaceutical products in an effort to ease the sting from the charges and to give them time to shift manufacturing, Reuters revealed.<\/p>\n\n\n\n Trump plans to reveal a large tariff initiative. He stated that the upcoming reciprocal tariffs <\/a>will apply to all countries, rather than just a select group of 10 to 15 with the highest trade deficits. He has indicated that he will soon impose tariffs on the pharmaceutical industry, which has previously been spared from past trade conflicts, following his actions against other sectors. <\/p>\n\n\n\n Four sources, who requested anonymity due to the confidential nature of discussions between the administration and the industry, shared their understanding that Trump will not provide details about any pharmaceutical tariffs on Wednesday.<\/p>\n\n\n\n However, the major multinational pharmaceutical companies anticipate that U.S. tariffs on medical products are unavoidable. They aim for a gradual increase to the threatened 25% tariff rather than having it applied from the start. \"The notion of a gradual tariff increase, a kind of tiered approach, is certainly being discussed within the pharmaceutical industry,\" one source mentioned.<\/p>\n\n\n\n A study examining the potential application of industry-specific tariffs was mentioned by three of the four sources, along with an additional source knowledgeable about the issue.<\/p>\n\n\n\n Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
To gain Trump's favor, automotive representatives are highlighting their support for his objectives of increasing automobile production within the U.S. and boosting America\u2019s manufacturing sector. They have committed to developing strategies to achieve this, but their immediate focus is obtaining a reduction in parts costs first.<\/p>\n\n\n\n <\/p>\n","post_title":"US automakers lobby Trump to exempt car parts from tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-automakers-lobby-trump-to-exempt-car-parts-from-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-07 15:54:13","post_modified_gmt":"2025-04-07 15:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7482","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7474,"post_author":"7","post_date":"2025-04-04 16:02:20","post_date_gmt":"2025-04-04 16:02:20","post_content":"\n Drugmakers, pharmaceutical makers are reportedly lobbying U.S. President Donald Trump<\/a> to reduce tariffs on imported pharmaceutical products in an effort to ease the sting from the charges and to give them time to shift manufacturing, Reuters revealed.<\/p>\n\n\n\n Trump plans to reveal a large tariff initiative. He stated that the upcoming reciprocal tariffs <\/a>will apply to all countries, rather than just a select group of 10 to 15 with the highest trade deficits. He has indicated that he will soon impose tariffs on the pharmaceutical industry, which has previously been spared from past trade conflicts, following his actions against other sectors. <\/p>\n\n\n\n Four sources, who requested anonymity due to the confidential nature of discussions between the administration and the industry, shared their understanding that Trump will not provide details about any pharmaceutical tariffs on Wednesday.<\/p>\n\n\n\n However, the major multinational pharmaceutical companies anticipate that U.S. tariffs on medical products are unavoidable. They aim for a gradual increase to the threatened 25% tariff rather than having it applied from the start. \"The notion of a gradual tariff increase, a kind of tiered approach, is certainly being discussed within the pharmaceutical industry,\" one source mentioned.<\/p>\n\n\n\n A study examining the potential application of industry-specific tariffs was mentioned by three of the four sources, along with an additional source knowledgeable about the issue.<\/p>\n\n\n\n Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Since that time, executives and their lobbyists have been striving to inform the administration about the economic intricacies of the global auto parts network production. For instance, inexpensive commodity items such as video screens are primarily produced abroad, where labor costs are lower. If every auto part manufactured overseas faced import taxes, the U.S. market would have hardly any tariff-free cars available.<\/p>\n\n\n\n To gain Trump's favor, automotive representatives are highlighting their support for his objectives of increasing automobile production within the U.S. and boosting America\u2019s manufacturing sector. They have committed to developing strategies to achieve this, but their immediate focus is obtaining a reduction in parts costs first.<\/p>\n\n\n\n <\/p>\n","post_title":"US automakers lobby Trump to exempt car parts from tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-automakers-lobby-trump-to-exempt-car-parts-from-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-07 15:54:13","post_modified_gmt":"2025-04-07 15:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7482","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7474,"post_author":"7","post_date":"2025-04-04 16:02:20","post_date_gmt":"2025-04-04 16:02:20","post_content":"\n Drugmakers, pharmaceutical makers are reportedly lobbying U.S. President Donald Trump<\/a> to reduce tariffs on imported pharmaceutical products in an effort to ease the sting from the charges and to give them time to shift manufacturing, Reuters revealed.<\/p>\n\n\n\n Trump plans to reveal a large tariff initiative. He stated that the upcoming reciprocal tariffs <\/a>will apply to all countries, rather than just a select group of 10 to 15 with the highest trade deficits. He has indicated that he will soon impose tariffs on the pharmaceutical industry, which has previously been spared from past trade conflicts, following his actions against other sectors. <\/p>\n\n\n\n Four sources, who requested anonymity due to the confidential nature of discussions between the administration and the industry, shared their understanding that Trump will not provide details about any pharmaceutical tariffs on Wednesday.<\/p>\n\n\n\n However, the major multinational pharmaceutical companies anticipate that U.S. tariffs on medical products are unavoidable. They aim for a gradual increase to the threatened 25% tariff rather than having it applied from the start. \"The notion of a gradual tariff increase, a kind of tiered approach, is certainly being discussed within the pharmaceutical industry,\" one source mentioned.<\/p>\n\n\n\n A study examining the potential application of industry-specific tariffs was mentioned by three of the four sources, along with an additional source knowledgeable about the issue.<\/p>\n\n\n\n Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
According to Trump's executive order, 25% tariffs on fully built cars would begin April 3, but levies on major parts like engines, Transmissions and electrical systems are set to start on May 3. Additionally, the president intends to announce reciprocal tariffs affecting several countries on April 2. It\u2019s uncertain if those milestones serve as deadlines for reaching an agreement on auto parts. The automakers believe there's an opportunity to obtain tariff relief on parts since that part of Trump\u2019s executive order was finalized late during the drafting process on March 26.<\/p>\n\n\n\n Since that time, executives and their lobbyists have been striving to inform the administration about the economic intricacies of the global auto parts network production. For instance, inexpensive commodity items such as video screens are primarily produced abroad, where labor costs are lower. If every auto part manufactured overseas faced import taxes, the U.S. market would have hardly any tariff-free cars available.<\/p>\n\n\n\n To gain Trump's favor, automotive representatives are highlighting their support for his objectives of increasing automobile production within the U.S. and boosting America\u2019s manufacturing sector. They have committed to developing strategies to achieve this, but their immediate focus is obtaining a reduction in parts costs first.<\/p>\n\n\n\n <\/p>\n","post_title":"US automakers lobby Trump to exempt car parts from tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-automakers-lobby-trump-to-exempt-car-parts-from-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-07 15:54:13","post_modified_gmt":"2025-04-07 15:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7482","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7474,"post_author":"7","post_date":"2025-04-04 16:02:20","post_date_gmt":"2025-04-04 16:02:20","post_content":"\n Drugmakers, pharmaceutical makers are reportedly lobbying U.S. President Donald Trump<\/a> to reduce tariffs on imported pharmaceutical products in an effort to ease the sting from the charges and to give them time to shift manufacturing, Reuters revealed.<\/p>\n\n\n\n Trump plans to reveal a large tariff initiative. He stated that the upcoming reciprocal tariffs <\/a>will apply to all countries, rather than just a select group of 10 to 15 with the highest trade deficits. He has indicated that he will soon impose tariffs on the pharmaceutical industry, which has previously been spared from past trade conflicts, following his actions against other sectors. <\/p>\n\n\n\n Four sources, who requested anonymity due to the confidential nature of discussions between the administration and the industry, shared their understanding that Trump will not provide details about any pharmaceutical tariffs on Wednesday.<\/p>\n\n\n\n However, the major multinational pharmaceutical companies anticipate that U.S. tariffs on medical products are unavoidable. They aim for a gradual increase to the threatened 25% tariff rather than having it applied from the start. \"The notion of a gradual tariff increase, a kind of tiered approach, is certainly being discussed within the pharmaceutical industry,\" one source mentioned.<\/p>\n\n\n\n A study examining the potential application of industry-specific tariffs was mentioned by three of the four sources, along with an additional source knowledgeable about the issue.<\/p>\n\n\n\n Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
With the tariff deadline nearing, automakers have recently dispatched their senior executives to Washington to engage in<\/a> recent days to lobby directly with the administration, as reported by sources.\u00a0 On March 31, Trump said that he held negotiations with Stellantis Chairman John Elkann. Ford Executive Chair Bill Ford, great-grandson of architect Henry Ford, held a meeting last week with Commerce Secretary Howard Lutnick. Chief Financial Officer Paul Jacobson, GM CEO Mary Barra and other executives have been conferring with government officials since the president announced the tariffs.<\/p>\n\n\n\n According to Trump's executive order, 25% tariffs on fully built cars would begin April 3, but levies on major parts like engines, Transmissions and electrical systems are set to start on May 3. Additionally, the president intends to announce reciprocal tariffs affecting several countries on April 2. It\u2019s uncertain if those milestones serve as deadlines for reaching an agreement on auto parts. The automakers believe there's an opportunity to obtain tariff relief on parts since that part of Trump\u2019s executive order was finalized late during the drafting process on March 26.<\/p>\n\n\n\n Since that time, executives and their lobbyists have been striving to inform the administration about the economic intricacies of the global auto parts network production. For instance, inexpensive commodity items such as video screens are primarily produced abroad, where labor costs are lower. If every auto part manufactured overseas faced import taxes, the U.S. market would have hardly any tariff-free cars available.<\/p>\n\n\n\n To gain Trump's favor, automotive representatives are highlighting their support for his objectives of increasing automobile production within the U.S. and boosting America\u2019s manufacturing sector. They have committed to developing strategies to achieve this, but their immediate focus is obtaining a reduction in parts costs first.<\/p>\n\n\n\n <\/p>\n","post_title":"US automakers lobby Trump to exempt car parts from tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-automakers-lobby-trump-to-exempt-car-parts-from-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-07 15:54:13","post_modified_gmt":"2025-04-07 15:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7482","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7474,"post_author":"7","post_date":"2025-04-04 16:02:20","post_date_gmt":"2025-04-04 16:02:20","post_content":"\n Drugmakers, pharmaceutical makers are reportedly lobbying U.S. President Donald Trump<\/a> to reduce tariffs on imported pharmaceutical products in an effort to ease the sting from the charges and to give them time to shift manufacturing, Reuters revealed.<\/p>\n\n\n\n Trump plans to reveal a large tariff initiative. He stated that the upcoming reciprocal tariffs <\/a>will apply to all countries, rather than just a select group of 10 to 15 with the highest trade deficits. He has indicated that he will soon impose tariffs on the pharmaceutical industry, which has previously been spared from past trade conflicts, following his actions against other sectors. <\/p>\n\n\n\n Four sources, who requested anonymity due to the confidential nature of discussions between the administration and the industry, shared their understanding that Trump will not provide details about any pharmaceutical tariffs on Wednesday.<\/p>\n\n\n\n However, the major multinational pharmaceutical companies anticipate that U.S. tariffs on medical products are unavoidable. They aim for a gradual increase to the threatened 25% tariff rather than having it applied from the start. \"The notion of a gradual tariff increase, a kind of tiered approach, is certainly being discussed within the pharmaceutical industry,\" one source mentioned.<\/p>\n\n\n\n A study examining the potential application of industry-specific tariffs was mentioned by three of the four sources, along with an additional source knowledgeable about the issue.<\/p>\n\n\n\n Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
Detroit automakers have accepted that they are prepared to pay tariffs on finished vehicles and major parts such as engines and transmissions. However, company representatives have informed the administration that tariffs on parts would result in cost increases totaling billions of dollars, leading to layoffs and profit warnings that would run counter to Trump\u2019s goal<\/a> of building up the industry, one of the people said. On March 31, Trump refrained from commenting on whether the administration would exempt certain car parts from the tariffs. He noted that he had already offered automakers \u201ca break\u201d by delaying the tariffs for a month.<\/p>\n\n\n\n With the tariff deadline nearing, automakers have recently dispatched their senior executives to Washington to engage in<\/a> recent days to lobby directly with the administration, as reported by sources.\u00a0 On March 31, Trump said that he held negotiations with Stellantis Chairman John Elkann. Ford Executive Chair Bill Ford, great-grandson of architect Henry Ford, held a meeting last week with Commerce Secretary Howard Lutnick. Chief Financial Officer Paul Jacobson, GM CEO Mary Barra and other executives have been conferring with government officials since the president announced the tariffs.<\/p>\n\n\n\n According to Trump's executive order, 25% tariffs on fully built cars would begin April 3, but levies on major parts like engines, Transmissions and electrical systems are set to start on May 3. Additionally, the president intends to announce reciprocal tariffs affecting several countries on April 2. It\u2019s uncertain if those milestones serve as deadlines for reaching an agreement on auto parts. The automakers believe there's an opportunity to obtain tariff relief on parts since that part of Trump\u2019s executive order was finalized late during the drafting process on March 26.<\/p>\n\n\n\n Since that time, executives and their lobbyists have been striving to inform the administration about the economic intricacies of the global auto parts network production. For instance, inexpensive commodity items such as video screens are primarily produced abroad, where labor costs are lower. If every auto part manufactured overseas faced import taxes, the U.S. market would have hardly any tariff-free cars available.<\/p>\n\n\n\n To gain Trump's favor, automotive representatives are highlighting their support for his objectives of increasing automobile production within the U.S. and boosting America\u2019s manufacturing sector. They have committed to developing strategies to achieve this, but their immediate focus is obtaining a reduction in parts costs first.<\/p>\n\n\n\n <\/p>\n","post_title":"US automakers lobby Trump to exempt car parts from tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-automakers-lobby-trump-to-exempt-car-parts-from-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-07 15:54:13","post_modified_gmt":"2025-04-07 15:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7482","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7474,"post_author":"7","post_date":"2025-04-04 16:02:20","post_date_gmt":"2025-04-04 16:02:20","post_content":"\n Drugmakers, pharmaceutical makers are reportedly lobbying U.S. President Donald Trump<\/a> to reduce tariffs on imported pharmaceutical products in an effort to ease the sting from the charges and to give them time to shift manufacturing, Reuters revealed.<\/p>\n\n\n\n Trump plans to reveal a large tariff initiative. He stated that the upcoming reciprocal tariffs <\/a>will apply to all countries, rather than just a select group of 10 to 15 with the highest trade deficits. He has indicated that he will soon impose tariffs on the pharmaceutical industry, which has previously been spared from past trade conflicts, following his actions against other sectors. <\/p>\n\n\n\n Four sources, who requested anonymity due to the confidential nature of discussions between the administration and the industry, shared their understanding that Trump will not provide details about any pharmaceutical tariffs on Wednesday.<\/p>\n\n\n\n However, the major multinational pharmaceutical companies anticipate that U.S. tariffs on medical products are unavoidable. They aim for a gradual increase to the threatened 25% tariff rather than having it applied from the start. \"The notion of a gradual tariff increase, a kind of tiered approach, is certainly being discussed within the pharmaceutical industry,\" one source mentioned.<\/p>\n\n\n\n A study examining the potential application of industry-specific tariffs was mentioned by three of the four sources, along with an additional source knowledgeable about the issue.<\/p>\n\n\n\n Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n On March 25, congressional filings reveal that Samsung Electronics engaged<\/a> Continental Strategy, a lobbying firm founded by Carlos Trujillo, who previously served as the U.S. ambassador to the Organization of American States during the first Trump administration. Since Trump's return to the White House, Continental has experienced a surge in business and has recently expanded its office in Washington, D.C.<\/p>\n\n\n\n Notably, Katie Wiles, the daughter of White House Chief of Staff Susan Wiles, currently serves as a partner at the firm. She attained this partnership last November, which coincided with her mother\u2019s nomination as Chief of Staff. At that time, Continental stated she would \u201ccreate new opportunities for growth as we capitalize on the momentum from Trump\u2019s decisive victory.\u201d Republican Rep. Byron Donalds supported the decision, asserting, \u201cContinental is fortunate to have her.\u201d<\/p>\n\n\n\n Samsung\u2019s lobbying team at Continental features prominent Republican figures such as Alberto Martinez, who was the chief of staff for Senator Marco Rubio; Daniel Gomez, a former aide to Republican Senator Deb Fischer; and Trujillo. The firm will represent Samsung in areas like telecommunications, consumer electronics, semiconductors, supply chain, and trade issues.<\/p>\n\n\n\n Samsung is constructing semiconductor plants in Taylor, Texas, and additional sites, receiving $4.745 billion in subsidies from the Biden administration last year, which accounts for roughly 12.8% of its total investment. <\/p>\n\n\n\n Trump\u2019s persistent demands to repeal the CHIPS Act have sparked worries about Samsung's potential loss of subsidies. Covington & Burling, the D.C. law firm that assisted Samsung with its subsidy application, is now facing Trump\u2019s scrutiny, compounding Samsung\u2019s difficulties. Trump has charged the firm with \u201cweaponizing the judicial process\u201d and has even issued an executive order aimed at reducing its power.<\/p>\n\n\n\n Samsung has allegedly terminated its contract with WestExec Advisors, a consulting firm co-founded in 2017 by prominent Democrats such as former Secretary of State Antony Blinken and former Deputy Defense Secretary Mich\u00e8le Flournoy. WestExec was providing advice to Samsung on regulatory and policy issues. This termination has sparked speculation that Samsung is shifting its lobbying strategy to foster closer relationships with Trump\u2019s inner circle.<\/p>\n","post_title":"Samsung turns to Republican Lobbyists amid CHIPS Act uncertainty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"samsung-turns-to-republican-lobbyists-amid-chips-act-uncertainty","to_ping":"","pinged":"","post_modified":"2025-03-30 09:55:32","post_modified_gmt":"2025-03-30 09:55:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7470","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":45},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
President Donald Trump\u2019s tariffs, designed to strengthen the American auto industry, are likely to impact U.S. car manufacturers who have increasingly sourced components from low-cost countries for their modern vehicles. The administration intends to impose taxes on auto components in addition to the upcoming 25% tariffs on fully assembled vehicles, scheduled to begin in April 3.<\/p>\n\n\n\n Detroit automakers have accepted that they are prepared to pay tariffs on finished vehicles and major parts such as engines and transmissions. However, company representatives have informed the administration that tariffs on parts would result in cost increases totaling billions of dollars, leading to layoffs and profit warnings that would run counter to Trump\u2019s goal<\/a> of building up the industry, one of the people said. On March 31, Trump refrained from commenting on whether the administration would exempt certain car parts from the tariffs. He noted that he had already offered automakers \u201ca break\u201d by delaying the tariffs for a month.<\/p>\n\n\n\n With the tariff deadline nearing, automakers have recently dispatched their senior executives to Washington to engage in<\/a> recent days to lobby directly with the administration, as reported by sources.\u00a0 On March 31, Trump said that he held negotiations with Stellantis Chairman John Elkann. Ford Executive Chair Bill Ford, great-grandson of architect Henry Ford, held a meeting last week with Commerce Secretary Howard Lutnick. Chief Financial Officer Paul Jacobson, GM CEO Mary Barra and other executives have been conferring with government officials since the president announced the tariffs.<\/p>\n\n\n\n According to Trump's executive order, 25% tariffs on fully built cars would begin April 3, but levies on major parts like engines, Transmissions and electrical systems are set to start on May 3. Additionally, the president intends to announce reciprocal tariffs affecting several countries on April 2. It\u2019s uncertain if those milestones serve as deadlines for reaching an agreement on auto parts. The automakers believe there's an opportunity to obtain tariff relief on parts since that part of Trump\u2019s executive order was finalized late during the drafting process on March 26.<\/p>\n\n\n\n Since that time, executives and their lobbyists have been striving to inform the administration about the economic intricacies of the global auto parts network production. For instance, inexpensive commodity items such as video screens are primarily produced abroad, where labor costs are lower. If every auto part manufactured overseas faced import taxes, the U.S. market would have hardly any tariff-free cars available.<\/p>\n\n\n\n To gain Trump's favor, automotive representatives are highlighting their support for his objectives of increasing automobile production within the U.S. and boosting America\u2019s manufacturing sector. They have committed to developing strategies to achieve this, but their immediate focus is obtaining a reduction in parts costs first.<\/p>\n\n\n\n <\/p>\n","post_title":"US automakers lobby Trump to exempt car parts from tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-automakers-lobby-trump-to-exempt-car-parts-from-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-07 15:54:13","post_modified_gmt":"2025-04-07 15:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7482","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7474,"post_author":"7","post_date":"2025-04-04 16:02:20","post_date_gmt":"2025-04-04 16:02:20","post_content":"\n Drugmakers, pharmaceutical makers are reportedly lobbying U.S. President Donald Trump<\/a> to reduce tariffs on imported pharmaceutical products in an effort to ease the sting from the charges and to give them time to shift manufacturing, Reuters revealed.<\/p>\n\n\n\n Trump plans to reveal a large tariff initiative. He stated that the upcoming reciprocal tariffs <\/a>will apply to all countries, rather than just a select group of 10 to 15 with the highest trade deficits. He has indicated that he will soon impose tariffs on the pharmaceutical industry, which has previously been spared from past trade conflicts, following his actions against other sectors. <\/p>\n\n\n\n Four sources, who requested anonymity due to the confidential nature of discussions between the administration and the industry, shared their understanding that Trump will not provide details about any pharmaceutical tariffs on Wednesday.<\/p>\n\n\n\n However, the major multinational pharmaceutical companies anticipate that U.S. tariffs on medical products are unavoidable. They aim for a gradual increase to the threatened 25% tariff rather than having it applied from the start. \"The notion of a gradual tariff increase, a kind of tiered approach, is certainly being discussed within the pharmaceutical industry,\" one source mentioned.<\/p>\n\n\n\n A study examining the potential application of industry-specific tariffs was mentioned by three of the four sources, along with an additional source knowledgeable about the issue.<\/p>\n\n\n\n Large drugmakers possess global manufacturing capabilities, primarily in the U.S., Europe<\/a>, and Asia, and relocating more production to the U.S. represents a significant investment of resources. The industry trade group PhRMA has stated that establishing a new production facility in the U.S. can take 5 to 10 years and cost $2 billion, partly due to regulatory requirements.<\/p>\n\n\n\n During meetings in February and March, PhRMA urged the U.S. administration to consider implementing a staggered tariff rate increase over several years, allowing companies adequate time to adjust, according to one of the four sources.<\/p>\n\n\n\n Though the situation is still evolving, the industry remains optimistic that any preliminary tariff announcements concerning the sector will be lower than the 25% threatened by Trump, according to the same source.<\/p>\n\n\n\n It seems there is increasing recognition within the Trump administration that relocating drug manufacturing to the U.S. from overseas is not a swift process. This has sparked optimism among certain industry members that the president could contemplate a gradual increase of tariffs to 25%, another source indicated.<\/p>\n\n\n\n Pharmaceutical companies contend that tariffs may heighten the risk of drug shortages and limit patient access. Nonetheless, Trump advocates for these fees, asserting that the U.S. must enhance domestic drug production to reduce dependence on foreign medicine supplies.<\/p>\n\n\n\n A representative from the industry lobby expressed optimism that adherence to U.S. regulations on policymaking, which mandate public comment periods for federal laws, might delay the introduction of the new fees in the pharmaceutical sector.<\/p>\n\n\n\n In recent months, several multinational pharmaceutical companies, including Johnson & Johnson , Eli Lilly, AstraZeneca, and GSK, have announced billions in new investments to boost production of their top-selling drugs for the U.S. market.<\/p>\n\n\n\n This month, several major European pharmaceutical companies announced that certain medicines could be impacted by U.S. tariffs on the EU, as a significant portion of their manufacturing occurs outside the United States.<\/p>\n\n\n\n An executive from a European drugmaker stated that increasing U.S. production of their medicines, currently made in<\/a> limited quantities, will not be a lengthy process. According to them, establishing new manufacturing lines at current U.S. facilities for medicines now produced overseas for the U.S. market will require a minimum of two years.<\/p>\n","post_title":"Pharmaceutical industry lobbies Trump to ease drug tariffs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pharmaceutical-industry-lobbies-trump-to-ease-drug-tariffs","to_ping":"","pinged":"","post_modified":"2025-04-04 16:02:21","post_modified_gmt":"2025-04-04 16:02:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7474","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7470,"post_author":"7","post_date":"2025-03-30 09:55:30","post_date_gmt":"2025-03-30 09:55:30","post_content":"\n Samsung Electronics has engaged a Republican-affiliated lobbying<\/a> firm to enhance its presence in Washington. This action follows Hyundai Motor Group\u2019s significant $21 billion investment announcement in the U.S., made at the White House on March 24.\u00a0<\/p>\n\n\n\n As Samsung is the sole South Korean conglomerate able to invest at the same level as Hyundai, industry experts are keeping a close eye on whether Samsung will take similar actions.<\/p>\n\n\n\n Compounding the situation, the subsidies that the previous Biden administration<\/a> guaranteed to Samsung under the CHIPS Act- a U.S. law that President Donald Trump has pledged to overturn- are uncertain.<\/p>\n\n\n\n