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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"}],"next":false,"prev":true,"total_page":13},"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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n Andy Stone, a Meta spokesperson and owner of Facebook, stated that the company \u201cfrequently engages with policymakers to address issues related to competitiveness, national security, and economic growth.\u201d Earlier reports<\/a> from The Wall Street Journal provided details on these meetings.<\/p>\n\n\n\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n In 2020, during Mr. Trump\u2019s first term, the Federal Trade Commission filed a lawsuit against Meta. It is alleged that the company hindered competition by acquiring emerging start-ups like Instagram and WhatsApp. Thereby preventing them from evolving into fully developed businesses. Meta might settle the lawsuit, but it remains uncertain if Mr. Zuckerberg\u2019s actions have prompted the Trump administration to contemplate a settlement.<\/p>\n\n\n\n Andy Stone, a Meta spokesperson and owner of Facebook, stated that the company \u201cfrequently engages with policymakers to address issues related to competitiveness, national security, and economic growth.\u201d Earlier reports<\/a> from The Wall Street Journal provided details on these meetings.<\/p>\n\n\n\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n Mr. Zuckerberg has traveled multiple times to the White House and Mar-a-Lago to address this issue and others, according to sources. His latest visit to the White House was Wednesday morning.<\/p>\n\n\n\n In 2020, during Mr. Trump\u2019s first term, the Federal Trade Commission filed a lawsuit against Meta. It is alleged that the company hindered competition by acquiring emerging start-ups like Instagram and WhatsApp. Thereby preventing them from evolving into fully developed businesses. Meta might settle the lawsuit, but it remains uncertain if Mr. Zuckerberg\u2019s actions have prompted the Trump administration to contemplate a settlement.<\/p>\n\n\n\n Andy Stone, a Meta spokesperson and owner of Facebook, stated that the company \u201cfrequently engages with policymakers to address issues related to competitiveness, national security, and economic growth.\u201d Earlier reports<\/a> from The Wall Street Journal provided details on these meetings.<\/p>\n\n\n\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n The chief executive of Meta, tech giant Mark Zuckerberg<\/a>, has lobbied President Trump and his ministers to resolve a federal antitrust lawsuit against his firm scheduled for trial on April 14, according to sources.<\/p>\n\n\n\n Mr. Zuckerberg has traveled multiple times to the White House and Mar-a-Lago to address this issue and others, according to sources. His latest visit to the White House was Wednesday morning.<\/p>\n\n\n\n In 2020, during Mr. Trump\u2019s first term, the Federal Trade Commission filed a lawsuit against Meta. It is alleged that the company hindered competition by acquiring emerging start-ups like Instagram and WhatsApp. Thereby preventing them from evolving into fully developed businesses. Meta might settle the lawsuit, but it remains uncertain if Mr. Zuckerberg\u2019s actions have prompted the Trump administration to contemplate a settlement.<\/p>\n\n\n\n Andy Stone, a Meta spokesperson and owner of Facebook, stated that the company \u201cfrequently engages with policymakers to address issues related to competitiveness, national security, and economic growth.\u201d Earlier reports<\/a> from The Wall Street Journal provided details on these meetings.<\/p>\n\n\n\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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":7479,"post_author":"8","post_date":"2025-04-05 15:39:57","post_date_gmt":"2025-04-05 15:39:57","post_content":"\n The chief executive of Meta, tech giant Mark Zuckerberg<\/a>, has lobbied President Trump and his ministers to resolve a federal antitrust lawsuit against his firm scheduled for trial on April 14, according to sources.<\/p>\n\n\n\n Mr. Zuckerberg has traveled multiple times to the White House and Mar-a-Lago to address this issue and others, according to sources. His latest visit to the White House was Wednesday morning.<\/p>\n\n\n\n In 2020, during Mr. Trump\u2019s first term, the Federal Trade Commission filed a lawsuit against Meta. It is alleged that the company hindered competition by acquiring emerging start-ups like Instagram and WhatsApp. Thereby preventing them from evolving into fully developed businesses. Meta might settle the lawsuit, but it remains uncertain if Mr. Zuckerberg\u2019s actions have prompted the Trump administration to contemplate a settlement.<\/p>\n\n\n\n Andy Stone, a Meta spokesperson and owner of Facebook, stated that the company \u201cfrequently engages with policymakers to address issues related to competitiveness, national security, and economic growth.\u201d Earlier reports<\/a> from The Wall Street Journal provided details on these meetings.<\/p>\n\n\n\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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":7479,"post_author":"8","post_date":"2025-04-05 15:39:57","post_date_gmt":"2025-04-05 15:39:57","post_content":"\n The chief executive of Meta, tech giant Mark Zuckerberg<\/a>, has lobbied President Trump and his ministers to resolve a federal antitrust lawsuit against his firm scheduled for trial on April 14, according to sources.<\/p>\n\n\n\n Mr. Zuckerberg has traveled multiple times to the White House and Mar-a-Lago to address this issue and others, according to sources. His latest visit to the White House was Wednesday morning.<\/p>\n\n\n\n In 2020, during Mr. Trump\u2019s first term, the Federal Trade Commission filed a lawsuit against Meta. It is alleged that the company hindered competition by acquiring emerging start-ups like Instagram and WhatsApp. Thereby preventing them from evolving into fully developed businesses. Meta might settle the lawsuit, but it remains uncertain if Mr. Zuckerberg\u2019s actions have prompted the Trump administration to contemplate a settlement.<\/p>\n\n\n\n Andy Stone, a Meta spokesperson and owner of Facebook, stated that the company \u201cfrequently engages with policymakers to address issues related to competitiveness, national security, and economic growth.\u201d Earlier reports<\/a> from The Wall Street Journal provided details on these meetings.<\/p>\n\n\n\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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":7479,"post_author":"8","post_date":"2025-04-05 15:39:57","post_date_gmt":"2025-04-05 15:39:57","post_content":"\n The chief executive of Meta, tech giant Mark Zuckerberg<\/a>, has lobbied President Trump and his ministers to resolve a federal antitrust lawsuit against his firm scheduled for trial on April 14, according to sources.<\/p>\n\n\n\n Mr. Zuckerberg has traveled multiple times to the White House and Mar-a-Lago to address this issue and others, according to sources. His latest visit to the White House was Wednesday morning.<\/p>\n\n\n\n In 2020, during Mr. Trump\u2019s first term, the Federal Trade Commission filed a lawsuit against Meta. It is alleged that the company hindered competition by acquiring emerging start-ups like Instagram and WhatsApp. Thereby preventing them from evolving into fully developed businesses. Meta might settle the lawsuit, but it remains uncertain if Mr. Zuckerberg\u2019s actions have prompted the Trump administration to contemplate a settlement.<\/p>\n\n\n\n Andy Stone, a Meta spokesperson and owner of Facebook, stated that the company \u201cfrequently engages with policymakers to address issues related to competitiveness, national security, and economic growth.\u201d Earlier reports<\/a> from The Wall Street Journal provided details on these meetings.<\/p>\n\n\n\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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":7479,"post_author":"8","post_date":"2025-04-05 15:39:57","post_date_gmt":"2025-04-05 15:39:57","post_content":"\n The chief executive of Meta, tech giant Mark Zuckerberg<\/a>, has lobbied President Trump and his ministers to resolve a federal antitrust lawsuit against his firm scheduled for trial on April 14, according to sources.<\/p>\n\n\n\n Mr. Zuckerberg has traveled multiple times to the White House and Mar-a-Lago to address this issue and others, according to sources. His latest visit to the White House was Wednesday morning.<\/p>\n\n\n\n In 2020, during Mr. Trump\u2019s first term, the Federal Trade Commission filed a lawsuit against Meta. It is alleged that the company hindered competition by acquiring emerging start-ups like Instagram and WhatsApp. Thereby preventing them from evolving into fully developed businesses. Meta might settle the lawsuit, but it remains uncertain if Mr. Zuckerberg\u2019s actions have prompted the Trump administration to contemplate a settlement.<\/p>\n\n\n\n Andy Stone, a Meta spokesperson and owner of Facebook, stated that the company \u201cfrequently engages with policymakers to address issues related to competitiveness, national security, and economic growth.\u201d Earlier reports<\/a> from The Wall Street Journal provided details on these meetings.<\/p>\n\n\n\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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":7479,"post_author":"8","post_date":"2025-04-05 15:39:57","post_date_gmt":"2025-04-05 15:39:57","post_content":"\n The chief executive of Meta, tech giant Mark Zuckerberg<\/a>, has lobbied President Trump and his ministers to resolve a federal antitrust lawsuit against his firm scheduled for trial on April 14, according to sources.<\/p>\n\n\n\n Mr. Zuckerberg has traveled multiple times to the White House and Mar-a-Lago to address this issue and others, according to sources. His latest visit to the White House was Wednesday morning.<\/p>\n\n\n\n In 2020, during Mr. Trump\u2019s first term, the Federal Trade Commission filed a lawsuit against Meta. It is alleged that the company hindered competition by acquiring emerging start-ups like Instagram and WhatsApp. Thereby preventing them from evolving into fully developed businesses. Meta might settle the lawsuit, but it remains uncertain if Mr. Zuckerberg\u2019s actions have prompted the Trump administration to contemplate a settlement.<\/p>\n\n\n\n Andy Stone, a Meta spokesperson and owner of Facebook, stated that the company \u201cfrequently engages with policymakers to address issues related to competitiveness, national security, and economic growth.\u201d Earlier reports<\/a> from The Wall Street Journal provided details on these meetings.<\/p>\n\n\n\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\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":7479,"post_author":"8","post_date":"2025-04-05 15:39:57","post_date_gmt":"2025-04-05 15:39:57","post_content":"\n The chief executive of Meta, tech giant Mark Zuckerberg<\/a>, has lobbied President Trump and his ministers to resolve a federal antitrust lawsuit against his firm scheduled for trial on April 14, according to sources.<\/p>\n\n\n\n Mr. Zuckerberg has traveled multiple times to the White House and Mar-a-Lago to address this issue and others, according to sources. His latest visit to the White House was Wednesday morning.<\/p>\n\n\n\n In 2020, during Mr. Trump\u2019s first term, the Federal Trade Commission filed a lawsuit against Meta. It is alleged that the company hindered competition by acquiring emerging start-ups like Instagram and WhatsApp. Thereby preventing them from evolving into fully developed businesses. Meta might settle the lawsuit, but it remains uncertain if Mr. Zuckerberg\u2019s actions have prompted the Trump administration to contemplate a settlement.<\/p>\n\n\n\n Andy Stone, a Meta spokesperson and owner of Facebook, stated that the company \u201cfrequently engages with policymakers to address issues related to competitiveness, national security, and economic growth.\u201d Earlier reports<\/a> from The Wall Street Journal provided details on these meetings.<\/p>\n\n\n\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n 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":7479,"post_author":"8","post_date":"2025-04-05 15:39:57","post_date_gmt":"2025-04-05 15:39:57","post_content":"\n The chief executive of Meta, tech giant Mark Zuckerberg<\/a>, has lobbied President Trump and his ministers to resolve a federal antitrust lawsuit against his firm scheduled for trial on April 14, according to sources.<\/p>\n\n\n\n Mr. Zuckerberg has traveled multiple times to the White House and Mar-a-Lago to address this issue and others, according to sources. His latest visit to the White House was Wednesday morning.<\/p>\n\n\n\n In 2020, during Mr. Trump\u2019s first term, the Federal Trade Commission filed a lawsuit against Meta. It is alleged that the company hindered competition by acquiring emerging start-ups like Instagram and WhatsApp. Thereby preventing them from evolving into fully developed businesses. Meta might settle the lawsuit, but it remains uncertain if Mr. Zuckerberg\u2019s actions have prompted the Trump administration to contemplate a settlement.<\/p>\n\n\n\n Andy Stone, a Meta spokesperson and owner of Facebook, stated that the company \u201cfrequently engages with policymakers to address issues related to competitiveness, national security, and economic growth.\u201d Earlier reports<\/a> from The Wall Street Journal provided details on these meetings.<\/p>\n\n\n\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};
\n U.S. automakers Ford Motor Co., Chrysler parent Stellantis NV and General Motors Co. are lobbying <\/a>the Trump administration to exempt certain low-cost car parts from the planned tariffs<\/a>. Executives have consulted with the White House and the office of the U.S. Trade Representative to examine the exclusion, sources said.<\/p>\n\n\n\n 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":7479,"post_author":"8","post_date":"2025-04-05 15:39:57","post_date_gmt":"2025-04-05 15:39:57","post_content":"\n The chief executive of Meta, tech giant Mark Zuckerberg<\/a>, has lobbied President Trump and his ministers to resolve a federal antitrust lawsuit against his firm scheduled for trial on April 14, according to sources.<\/p>\n\n\n\n Mr. Zuckerberg has traveled multiple times to the White House and Mar-a-Lago to address this issue and others, according to sources. His latest visit to the White House was Wednesday morning.<\/p>\n\n\n\n In 2020, during Mr. Trump\u2019s first term, the Federal Trade Commission filed a lawsuit against Meta. It is alleged that the company hindered competition by acquiring emerging start-ups like Instagram and WhatsApp. Thereby preventing them from evolving into fully developed businesses. Meta might settle the lawsuit, but it remains uncertain if Mr. Zuckerberg\u2019s actions have prompted the Trump administration to contemplate a settlement.<\/p>\n\n\n\n Andy Stone, a Meta spokesperson and owner of Facebook, stated that the company \u201cfrequently engages with policymakers to address issues related to competitiveness, national security, and economic growth.\u201d Earlier reports<\/a> from The Wall Street Journal provided details on these meetings.<\/p>\n\n\n\n In its complaint, the F.T.C. asserted that Meta broke antitrust law by buying young competitors and robbing consumers of other social media sites. The F.T.C. contended that Meta's 2012 acquisition of the photo-sharing platform Instagram for $1 billion and its 2014 acquisition of the messaging platform WhatsApp for $19 billion must not have been permitted.<\/p>\n\n\n\n The company aimed to \u201cbuy or bury innovators that posed a threat to outcompete Facebook in the emerging mobile landscape,\u201d the F.T.C. stated in its complaint.<\/p>\n\n\n\n Meta has refuted claims that it acquired Instagram and WhatsApp to stifle competition. It emphasises its significant investments in innovation for these apps. Additionally, Meta stated that it still encounters strong competition from rivals such as TikTok, YouTube, Snap, and iMessage.<\/p>\n\n\n\n The acquisitions of Instagram and WhatsApp turned out to be insightful decisions. Instagram now plays a vital role in Meta\u2019s operations, contributing billions in yearly revenue. Meanwhile, WhatsApp has grown fourfold to reach two billion users and has begun to generate substantial revenue for Meta. A federal judge dismissed the antitrust lawsuit in 2021. However, it was quickly reintroduced after the F.T.C. provided additional evidence and analysis to bolster its assertions.<\/p>\n\n\n\n Now a trial is set to start in less than two weeks. The trial will likely involve testimony from Meta's high-profile executives. It includes Mr. Zuckerberg, Sheryl Sandberg, former chief operating officer, and Kevin Systrom, co-founder of Instagram.<\/p>\n\n\n\n Meta executives have been preparing diligently for the trial for months in consultation with external counsel in case they are subpoenaed to testify, sources said.<\/p>\n\n\n\n Mr. Zuckerberg\u2019s visits to the White House aim to strengthen Meta\u2019s ties with the government. It is particularly aimed at Mr. Trump, following previous conflicts. In December, Meta revealed a $1 million donation to Mr. Trump\u2019s inaugural fund. Additionally, Mr. Zuckerberg elevated Joel Kaplan, a long-serving Republican executive at Meta, to lead the company\u2019s global public policy efforts and enhance connections with the Trump administration.<\/p>\n","post_title":"Mark Zuckerberg lobbies Trump over upcoming Meta antitrust trial","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mark-zuckerberg-lobbies-trump-over-upcoming-meta-antitrust-trial","to_ping":"","pinged":"","post_modified":"2025-04-07 15:40:35","post_modified_gmt":"2025-04-07 15:40:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/dctransparency.com\/?p=7479","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"}],"next":false,"prev":true,"total_page":13},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};