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		<title>US allows more baby formula imports to fight shortage</title>
		<link>https://hsjchronicle.com/us-allows-more-baby-formula-imports-to-fight-shortage/</link>
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		<dc:creator><![CDATA[Associated Press]]></dc:creator>
		<pubDate>Tue, 17 May 2022 16:00:00 +0000</pubDate>
				<category><![CDATA[Food & Dining]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[baby formula]]></category>
		<category><![CDATA[imports]]></category>
		<category><![CDATA[shortage]]></category>
		<guid isPermaLink="false">https://hsjchronicle.com/?p=46421</guid>

					<description><![CDATA[<p>Under fire from parents and politicians, President Joe Biden’s administration announced steps Monday to ease a nationwide shortage of baby formula, including reopening the largest domestic manufacturing plant and increasing imports from overseas.</p>
<p>The post <a href="https://hsjchronicle.com/us-allows-more-baby-formula-imports-to-fight-shortage/">US allows more baby formula imports to fight shortage</a> appeared first on <a href="https://hsjchronicle.com">The Hemet &amp; San Jacinto Chronicle</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">By MATTHEW PERRONE and ZEKE MILLER</p>



<p class="wp-block-paragraph">WASHINGTON (AP) — Under fire from parents and politicians, President Joe Biden’s administration announced steps Monday to ease a nationwide shortage of baby formula, including reopening the largest domestic manufacturing plant and increasing imports from overseas.</p>



<p class="wp-block-paragraph">The Food and Drug Administration said it was streamlining its review process to make it easier for foreign manufacturers to begin shipping more formula into the U.S.</p>



<p class="wp-block-paragraph">“The <a href="https://www.fda.gov/">FDA</a> expects that the measures and steps it’s taking with infant formula manufacturers and others will mean more and more supply is on the way or on store shelves moving forward,” FDA Commissioner Robert Califf told reporters.</p>



<p class="wp-block-paragraph">Califf said the U.S. will prioritize companies that can provide the largest shipments and quickly show documentation that their formulas are safe and compatible with U.S. nutrition standards. The policy is structured as a temporary measure lasting six months.</p>



<p class="wp-block-paragraph">The imports announcement came shortly after regulators said they’d reached a deal to allow Abbott Nutrition to restart its Sturgis, Michigan-based plant, which has been closed since February due to contamination issues. The company must overhaul its safety protocols and procedures before resuming production.</p>



<p class="wp-block-paragraph">Neither step will have an immediate effect on tight supplies that have left many parents searching for formula online or in food banks.</p>



<p class="wp-block-paragraph">After getting the FDA’s OK, Abbott said it will take eight to ten weeks before new products begin arriving in stores. The company didn’t set a timeline to restart manufacturing.</p>



<p class="wp-block-paragraph">Getting imports into the U.S. supply chain will also take several weeks, according to administration officials. Products from Australia, New Zealand and the U.K. are expected to meet the standards needed for importation.</p>



<p class="wp-block-paragraph">But regulators said national industry data shows most U.S. stores, on average, still have 80% of their formula inventory in stock. They suggested some of the empty shelves seen in recent days may be due to panic buying by parents.</p>



<p class="wp-block-paragraph">Monday’s announcement was previewed last week by the White House, which has been leaning on the FDA and formula makers to quickly find ways to alleviate the shortage. Outrage over the issue has quickly snowballed and handed Republicans a fresh talking point to use against President Biden ahead of November elections.</p>



<p class="wp-block-paragraph">The shortage stems from a February recall by Abbott that exacerbated ongoing supply chain disruptions among formula makers, leaving fewer options on stores shelves across much of the country. The shortage has led retailers like CVS and Walgreens to limit how many containers customers can purchase per visit.</p>



<p class="wp-block-paragraph">Abbott’s voluntary recall was triggered by four illnesses reported in babies who had consumed powdered formula from its plant. All four infants were hospitalized with a rare type of bacterial infection and two died.</p>



<p class="wp-block-paragraph">After a six-week inspection, FDA investigators published a list of problems in March, including lax safety and sanitary standards and a history of bacterial contamination in several parts of the plant. Under Monday’s agreement, Abbott must regularly consult with an outside safety expert to restart and maintain production.</p>



<p class="wp-block-paragraph">Chicago-based Abbott has emphasized that its products have not been directly linked to the bacterial infections in children. Samples of the bacteria found at its plant did not match the strains collected from two babies by federal investigators.</p>



<p class="wp-block-paragraph">But FDA officials pushed back on that reasoning Monday on a call with reporters— their first time publicly addressing the company’s argument. FDA staffers noted they were unable to collect bacterial strains from two of the four patients, limiting their chances of finding a match</p>



<p class="wp-block-paragraph">“Right from the get-go we were limited in our ability to determine with a causal link whether the product was linked to these four cases because we only had sequences on two,” FDA’s food director Susan Mayne said.</p>



<p class="wp-block-paragraph">Fixing the violations uncovered at Abbott’s plant takes time, according to former FDA officials. Companies need to exhaustively clean the facility and equipment, retrain staff, repeatedly test and document there is no contamination.</p>



<p class="wp-block-paragraph">As part of the FDA’s new import policy, regulators said companies would need to provide documentation of their factory’s inspections.</p>



<p class="wp-block-paragraph">Pediatricians say baby formulas produced in Canada and Europe are roughly equivalent to those in the U.S. But traditionally, 98% of the infant formula supply in the U.S. is made domestically. Companies seeking to enter the U.S. face several major hurdles, including rigorous research and manufacturing standards imposed by the FDA.</p>



<p class="wp-block-paragraph">San Diego father Steven Hyde has faced heart-wrenching challenges finding formula for his medical fragile daughter, who was on an Abbott formula but has had to switch with the recall and subsequent shortages in other brands.</p>



<p class="wp-block-paragraph">Zoie Hyde was born 19 months ago with no kidneys, a rare life-threatening condition that requires dialysis and a feeding tube until she weighs enough for a kidney transplant.</p>



<p class="wp-block-paragraph">Hyde said he used an organic brand from overseas until costs and customs hurdles made that too difficult. Friends and strangers from out of state have sent him other brands, but each time she switches requires more blood tests and monitoring, Davis said.</p>



<p class="wp-block-paragraph">Despite her challenges, Zoie is walking, talking and “doing pretty good” on other developmental milestones, Davis said.</p>



<p class="wp-block-paragraph">“She’s a shining light in my life,” he said.</p>



<p class="wp-block-paragraph">Find your latest news here at the <a href="https://hsjchronicle.com/">Hemet &amp; San Jacinto Chronicle</a> </p>
<p>The post <a href="https://hsjchronicle.com/us-allows-more-baby-formula-imports-to-fight-shortage/">US allows more baby formula imports to fight shortage</a> appeared first on <a href="https://hsjchronicle.com">The Hemet &amp; San Jacinto Chronicle</a>.</p>
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		<title>Trump says he’ll put 10% tariffs on remaining China imports</title>
		<link>https://hsjchronicle.com/trump-says-hell-put-10-tariffs-on-remaining-china-imports/</link>
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		<dc:creator><![CDATA[Contributed]]></dc:creator>
		<pubDate>Fri, 02 Aug 2019 01:00:20 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Local News]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[imports]]></category>
		<category><![CDATA[President Donald Trump]]></category>
		<category><![CDATA[tariffs]]></category>
		<guid isPermaLink="false">https://hsjchronicle.com/?p=4721</guid>

					<description><![CDATA[<p>WASHINGTON (AP) — President Donald Trump intensified pressure Thursday on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The move immediately sent stock prices sinking. The president has already imposed 25% tariffs on $250 billion in [&#8230;]</p>
<p>The post <a href="https://hsjchronicle.com/trump-says-hell-put-10-tariffs-on-remaining-china-imports/">Trump says he’ll put 10% tariffs on remaining China imports</a> appeared first on <a href="https://hsjchronicle.com">The Hemet &amp; San Jacinto Chronicle</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">WASHINGTON (AP) — President Donald Trump intensified pressure Thursday on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The move immediately sent stock prices sinking.</p>



<p class="wp-block-paragraph">The president has already imposed 25% tariffs on $250 billion in Chinese products, and Beijing has retaliated by taxing $110 billion in U.S. goods.</p>



<p class="wp-block-paragraph">U.S. consumers will likely feel the pain if Trump proceeds with the new tariffs. Trump’s earlier tariffs had been designed to minimize the impact on ordinary Americans by focusing on industrial goods. But the new tariffs will hit a vast range of consumer products from cellphones to silk scarves.</p>



<p class="wp-block-paragraph">The president’s announcement via Twitter came as a surprise, in part because the White House on Wednesday had said Beijing confirmed that it planned to increase its purchases of American farm products. That word came just as U.S. and Chinese negotiators were ending a 12th round of trade talks in Shanghai, which the White House called “constructive.”</p>



<p class="wp-block-paragraph">Though the negotiations concluded without any sign of a deal, they are scheduled to resume next month in Washington.</p>



<p class="wp-block-paragraph">The Dow Jones Industrial Average, which had been up nearly 300 points earlier in the day, was down nearly 200 points after Trump’s tweets announcing the new tariffs. The Dow closed for the day down 280 points — more than 1 percent.</p>



<p class="wp-block-paragraph">Trump has long said he was preparing to tax the $300 billion in additional Chinese tariffs. But he had suspended the threat after meeting with President Xi Jinping in Osaka, Japan, in June.</p>



<p class="wp-block-paragraph">It isn’t clear when American consumers are likely to feel the impact of the additional tariffs, but higher prices could show up in stores this fall.</p>



<p class="wp-block-paragraph">“Attention all Target &amp; Wal-Mart shoppers &#8230; the price on the goods you buy ahead of the holidays are going up due to trade policy,” tweeted Joseph Brusuelas, chief economist at the consultancy RSM.</p>



<p class="wp-block-paragraph">Besides announcing the additional tariffs on Chinese imports, Trump tweeted that “we look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!”</p>



<p class="wp-block-paragraph">The president accused Beijing of failing to follow through on stopping the sale of fentanyl to the United States or on purchasing large quantities of farm goods such as soybeans. Speaking to reporters Thursday at the White House, Trump complained that President Xi is “not moving fast enough.”</p>



<p class="wp-block-paragraph">Trump said he scheduled the additional tariffs to begin Sept. 1 to give exports already en route from China time to get to the United States — a journey that can take three or four weeks. By setting the import taxes at 10%, he has leeway to ratchet them higher if necessary to further increase pressure on Beijing.</p>



<p class="wp-block-paragraph">“Until such time as there’s a deal,” Trump said, “we’ll be taxing them.”</p>



<p class="wp-block-paragraph">The world’s two biggest economies are locked in a trade war over U.S. allegations that Beijing uses predatory tactics — including stealing trade secrets and forcing foreign companies to hand over technology — in a drive to overtake American technological dominance.</p>



<p class="wp-block-paragraph">Talks had broken down in May after the United States accused the Chinese of reneging on earlier commitments.</p>



<p class="wp-block-paragraph">“The fact that this tweet comes after only one meeting with the Chinese delegation following the resumption of talks is extremely concerning,” said Rick Helfenbein, president of the American Apparel &amp; Footwear Association.</p>



<p class="wp-block-paragraph">Wendy Cutler, a former U.S. trade negotiator who is now vice president at the Asia Society Policy Institute, said: “These talks are not getting any easier. I don’t expect the Chinese to sit by &#8230; The combination of these latest tariffs, with Chinese counter-retaliation, is going to take a heavy toll on U.S. consumers, workers, farmers and businesses.”</p>



<p class="wp-block-paragraph">Trump’s trade war and its consequences were a key factor in the Federal Reserve’s decision Wednesday to cut interest rates in an otherwise healthy U.S. economy. During a news conference, Chairman Jerome Powell pointed repeatedly to the uncertainty caused by Trump’s pursuit of trade wars on multiple fronts as a reason for the rate cut.</p>



<p class="wp-block-paragraph">The president’s decision to impose a 10% tax on an additional $300 billion of Chinese imports might have been predicated, in fact, on his confidence that Powell’s Fed stands ready to cut rates again. The bond market signaled its belief in that theory Thursday, with Treasury yields dropping sharply after Trump’s announcement.</p>



<p class="wp-block-paragraph">And according to the CME Group, market traders now foresee a roughly 70 percent likelihood of another rate cut when the Fed next meets in September. Before Trump’s announcement, the likelihood was pegged at under 50 percent.</p>



<p class="wp-block-paragraph">Sarah Bloom Raskin, a former Fed board member, has warned that Fed rate cuts could embolden Trump to escalate trade battles for that very reason.</p>



<p class="wp-block-paragraph">In the meantime, the additional Trump tariffs risk further souring the relationship between the world’s two largest economies.</p>



<p class="wp-block-paragraph">“The stage is now set for a further escalation of trade tensions between China and the U.S.,” said Eswar Prasad, a Cornell University economist and former head of the China division at the International Monetary Fund. “It has become clear that there is no clear path to a resolution of the trade dispute in the coming months, and China might choose to live with a trade war while waiting out the Trump presidency.”</p>



<p class="wp-block-paragraph">Trump has insisted that the tariff war is hurting China but not the United States. He tweeted two days ago: “Trumps got China back on its heels, and the United States is doing great.”</p>



<p class="wp-block-paragraph">But his administration is providing $16 billion in aid to American farmers — on top of $11 billion last year — to offset sales lost after China imposed retaliatory tariffs on soybeans and other U.S. farm products.</p>
<p>The post <a href="https://hsjchronicle.com/trump-says-hell-put-10-tariffs-on-remaining-china-imports/">Trump says he’ll put 10% tariffs on remaining China imports</a> appeared first on <a href="https://hsjchronicle.com">The Hemet &amp; San Jacinto Chronicle</a>.</p>
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