UPDATED 1:13 PM PT — Thursday, March 26, 2020
According to a new study, President Trump could create hundreds of thousands of new jobs by bringing pharmaceutical industries back to the U.S. Research from the Coalition for a Prosperous America revealed that a reshoring of drug manufacturing facilities could create 800,000 high-paying jobs across the nation.
Economists have also claimed the move would ease America’s reliance on imported drugs from countries like China, Germany and Ireland. Additionally, it would reduce drug prices and healthcare costs for all Americans.
President Trump has said the coronavirus panic must have taught Americans a lot.
“We should never be reliant on a foreign country for the means of our own survival, I think we’ve learned a lot,” he said, “This crisis has underscored just how critical it is to have strong borders and a robust manufacturing sector.”
The president has suggested reopening the U.S. economy gradually to produce the materials, medical supplies and equipment needed to defeat COVID-19.