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Trade Data Suggest Lack Of Prep For COVID-19: Dem Report
Trade data suggest that U.S. exports of medical supplies surged when the administration should have been preparing for a domestic coronavirus outbreak, according to a new report by Rep. Katie Porter (D-CA).
“In February 2020, the value of U.S. mask exports to China was 1094.0% higher than the 2019 monthly average,” Porter’s report said. “In February 2020, the value of U.S ventilator exports to China was 292.2% higher than the 2019 monthly average.”
The report, which was released Monday, pointed to specific Trump administration policies — rather than just a general increase in foreign demand due to the spread of COVID-19 abroad — as being a potential reason for the spike in export value. The New York Times reported in early March that the Commerce Department was touting a temporary change in regulations that facilitated exports of medical supplies to China by American vendors.
“Whether export numbers reflect increased per-unit costs for Chinese buyers, or an increase in units sold, the bottom line is the same: a payday for a few companies, and huge costs for the rest of us,” Porter’s report said.
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The report is available to read so everyone can draw their own conclusions.
Trade Data Suggest Lack Of Prep For COVID-19: Dem Report
Trade data suggest that U.S. exports of medical supplies surged when the administration should have been preparing for a domestic coronavirus outbreak, according to a new report by Rep.
talkingpointsmemo.com
Trade data suggest that U.S. exports of medical supplies surged when the administration should have been preparing for a domestic coronavirus outbreak, according to a new report by Rep. Katie Porter (D-CA).
“In February 2020, the value of U.S. mask exports to China was 1094.0% higher than the 2019 monthly average,” Porter’s report said. “In February 2020, the value of U.S ventilator exports to China was 292.2% higher than the 2019 monthly average.”
The report, which was released Monday, pointed to specific Trump administration policies — rather than just a general increase in foreign demand due to the spread of COVID-19 abroad — as being a potential reason for the spike in export value. The New York Times reported in early March that the Commerce Department was touting a temporary change in regulations that facilitated exports of medical supplies to China by American vendors.
“Whether export numbers reflect increased per-unit costs for Chinese buyers, or an increase in units sold, the bottom line is the same: a payday for a few companies, and huge costs for the rest of us,” Porter’s report said.
.........................................................................................................................................
The report is available to read so everyone can draw their own conclusions.