Title: Supply Chain Latest: Maker of Purell fails in tariff relief bid - Bloomberg
Headings: Maker of Purell Hand Sanitizer Denied in Request for Trump Tariff Relief
Supply Lines
Maker of Purell Hand Sanitizer Denied in Request for Trump Tariff Relief
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Content: Three weeks later, the USTR issued exemptions for Apple’s watches and a range of other products that have no apparent link to Covid-19. The USTR didn’t respond when asked if the Gojo denial would be reassessed as part of a new exclusion process to identify more products needed to treat the virus or limit its outbreak. Publicly, American officials have doubled down on their tariff strategy and are calling for a rethink of supply chains, especially when it comes to key medical products. The reliance on other countries for those supplies has created a strategic vulnerability for the U.S., trade chief Robert Lighthizer said. “ By encouraging diversification of supply chains and — better yet — more manufacturing in the U.S., President Trump’s economic and trade policies are helping to overcome that vulnerability,” he wrote in a Wall Street Journal editorial last week. Charting the Trade Turmoil
Consumers across the globe are still loading their pantries — and the economic fallout from the virus is just starting. The specter of more trade restictions is stirring memories of how protectionism can often end up causing more harm than good. That adage rings especially true now as the moves would be driven by anxiety and not made in response to crop failures or other supply problems. Today’s Must Reads
Second wave | Much of China’s industrial sector is ramping up production, only to find another painful economic shock: canceled orders from the U.S. and Europe.