Trump’s tariff threat exposes China’s tight grip on the global pharmaceuticals industry

Trump’s tariff threat exposes China’s tight grip on the global pharmaceuticals industry

Trump’s tariff threat exposes China’s tight grip on the global pharmaceuticals industry

Trump’s tariff threat exposes China’s tight grip on the global pharmaceuticals industry - Egypt Independent

Hong Kong/New York CNN  —  It’s the most prescribed antibiotic in the United States, used by tens of millions of people every year to treat bacterial infections including pneumonia, stomach ulcers, and strep throat. Yet, it isn’t exactly common knowledge that amoxicillin, a relative of penicillin that has been in chronic short supply, has only one manufacturer in the US, or that China controls 80 percent of the raw materials required for its pro…