, 3 tweets, 2 min read Read on Twitter
Big story from Bloomberg’s @jendeben: @USTradeRep Bob Lighthizer and other officials have been calling biologics industry and telling them they will have to accept weaker IP protections in China than they get at home in US or in Trump’s new NAFTA.
This is an issue that Democrats are objecting to in USMCA (Trump’s new NAFTA). It’s also one of the issues that held up congressional approval of the TPP.
But it also creates a terrible headline for Trump going into 2020. Everyone loves to hate the pharma industry. But negotiating a deal that gives it weaker protection in China than at home for some of its most innovative drugs doesn’t look much like America First.
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