The proposal to reduce drug costs for Americans through pharmaceutical tariffs could have unintended consequences. (AI image) US President Donald Trump is mulling tariffs on the pharmaceutical sector – as high as 200%! Trump intends to levy substantial import duties on pharmaceutical products, a sector that has largely remained unaffected by his trade policies. Historically,…
Mohammed al-Abad, a wiry young man wearing black jeans and wraparound shades, drives his motorcycle several times a week up a gravel hill amassed from the crushed remains of his old neighborhood in a city just outside Damascus, the Syrian capital. At the top, he surveys a Martian landscape of flattened, dun-colored sand. There is…
After a series of air travel incidents, including recent disruptions at a busy New Jersey airport, Sean Duffy, the transportation secretary, has sought to blame the previous administration for issues plaguing the Federal Aviation Administration. “Pete Buttigieg and Joe Biden did nothing to fix the system that they knew was broken,” Mr. Duffy said at…
What’s causing major flight delays and disruptions at Newark Liberty International Airport? Niraj Chokshi, a reporter at The New York Times covering transportation, explains how a staffing shortage has contributed to the chaos and what’s being done to address it. Source link
Newark Liberty International Airport has faced many disruptions in recent weeks. Technology outages, air traffic controller shortages and runway construction at the busy hub have led to scores of canceled and delayed flights. The Federal Aviation Administration says it’s trying to improve the situation, including with software and hardware upgrades. On Wednesday, it met with…
It has been more than 60 days since Israel ordered a halt to all humanitarian aid entering Gaza — no food, fuel or even medicine. As the phone calls pour in, Muneer Alboursh, the director general of Gaza’s health ministry, is running out of answers. The longer Israel’s total siege of the enclave grinds on,…
When the Covid pandemic hit, factories in China shut down and global shipping traffic slowed. Within a matter of a few weeks, products began disappearing from U.S. store shelves and American firms that depend on foreign materials were going out of business. A similar trend is beginning to play out, but this time the catalyst…
President Trump’s China tariffs are threatening Christmas. Toy makers, children’s shops and specialty retailers are pausing orders for the winter holidays as the import taxes cascade through supply chains. Factories in China produce nearly 80 percent of all toys and 90 percent of Christmas goods sold in America. The production of toys, Christmas trees and…
Japanese consumers have historically steered clear of foreign rice. But facing high prices, they rushed last week to buy the first South Korean imports to Japan in decades, clearing the shelves within days, South Korean officials said. It was a relatively small amount, a little over two tons, compared with Japan’s overall shortage, but it…
President Trump’s decision to move a step closer to imposing tariffs on imported medicines poses considerable political risk, because Americans could face higher prices and more shortages of critical drugs. The Trump administration filed a federal notice on Monday saying that it had begun an investigation into whether imports of medicines and pharmaceutical ingredients threaten…