Re: Farmas USA
Trump to sign executive order to streamline biotech regulations amid US-China trade war
Published Tue, Jun 11 2019 4:42 PM EDTUpdated Tue, Jun 11 2019 6:56 PM EDT
- President Donald Trump on Tuesday was expected to sign an executive order meant to streamline regulations and cut costs associated with biotechnology, the White House announced.
- The order would pressure international trading partners — including China — to lift barriers in the biotech industry, which creates products such as pesticides and genetically engineered plants bred to resist diseases, three sources told CNBC.
- The order was viewed as a way to bolster the bottom line of farmers caught in the crosshairs of Trump’s trade war with China, the sources said.