J&J to Invest $55B in US Manufacturing (Connecting the Dots: Johnson & Johnson, The Pharmaceutical Research and Manufacturers of America, Mexico, China & Soros Funding, All Networking)
Newsmax.com
Tuesday,
15 April 2025 01:08 PM EDT
https://www.newsmax.com/finance/streettalk/johnson-tariffs-medical/2025/04/15/id/1206972/
Health
care giant Johnson & Johnson expects
about $400 million in tariff-related costs this year.
The
costs will be felt primarily within the company's medical technology unit,
which makes a range of medical devices and surgical products. The most
substantial impact comes from tariffs against China and retaliatory tariffs from
China, said Joseph Wolk, Johnson & Johnson's chief financial officer, in a
conference call with analysts following the company's latest earnings results.
The
company's estimate also includes the impact from tariffs on aluminum and steel,
along with tariffs against key U.S. trading partners Canada and Mexico. Johnson & Johnson said that
contractual agreements already in place limit its leverage on price increases
that could potentially soften the impact.
The
cost estimate does not include possible tariffs on imports of pharmaceuticals.
The Trump administration has launched an investigation into imports of
pharmaceuticals, which is a step towards imposing tariffs.
Tariffs,
especially on pharmaceutical
products, could lead to supply chain issues and shortages, said CEO Joaquin
Duato. He said the best way to build up manufacturing in the U.S. is through
tax policy, not tariffs.
The
company is investing more than $55 billion over the next four years with the
goal of making all of its advanced medicines that are used in the U.S., within
the U.S.
Connecting
the Dots:
William C. Weldon
was the chairman for the Pharmaceutical Research and Manufacturers of
America and the chairman for Johnson & Johnson (COVID 19 Vaccine Manufacturer).
Akin,
Gump, Strauss, Hauer & Feld, LLP was the lobby firm for the Pharmaceutical
Research and Manufacturers of America and Johnson & Johnson
(COVID 19 Vaccine Manufacturer).
Vernon E. Jordan
Jr. is a senior counsel for Akin, Gump, Strauss, Hauer &
Feld, LLP, an honorary trustee at the Brookings
Institution (think tank) Valerie B. Jarrett’s great uncle and
married to Ann Dibble Jordan.
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to Promote
Open Society.
Cyrus F.
Freidheim Jr. is an honorary trustee at the Brookings
Institution (think tank) and a member of the Commercial Club of
Chicago.
W. James
McNerney Jr. is a member of the Commercial Club of Chicago and was
a director at the U.S.-China Business Council.
William M. Daley is
a member of the Commercial Club of Chicago, was the chief of staff
for the Barack Obama administration and a director at the U.S.-China
Business Council.
Valerie B. Jarrett is a
member of the Commercial Club of Chicago, Vernon E. Jordan
Jr’s great niece and the senior adviser for the Barack Obama
administration.
Newton N. Minow is
a member of the Commercial Club of Chicago and a senior counsel
at Sidley Austin LLP.
R. Eden Martin is
the president of the Commercial Club of Chicago and counsel
at Sidley Austin LLP.
Michelle Obama was
a lawyer at Sidley Austin LLP.
Barack Obama was
an intern at Sidley Austin LLP.
Sidley Austin
LLP was the lobby firm for the Pharmaceutical Research and
Manufacturers of America and Johnson & Johnson (COVID 19 Vaccine Manufacturer).
Cameron F. Kerry is
a senior counsel at Sidley Austin LLP, John F. Kerry’s brother
and a fellow at the Brookings Institution (think tank).
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to Promote
Open Society and is a board member for the International Crisis
Group.
Ernesto Zedillo was
a board member for the International Crisis Group and the
president of Mexico.
Carlos Pascual was
a U.S. ambassador for Mexico and a VP for the Brookings
Institution (think tank).
Ann Dibble Jordan
is an honorary trustee at the Brookings Institution (think tank), married
to Vernon E. Jordan Jr. and was a director at Johnson &
Johnson (COVID 19
Vaccine Manufacturer).
Charles O.
Prince III was a trustee at the Brookings Institution (think tank)
and is a director at Johnson & Johnson (COVID 19 Vaccine Manufacturer).
Mark B. McClellan was
a senior fellow at the Brookings Institution (think tank), a
commissioner for the U.S. Food and Drug Administration (FDA) and is
a director at Johnson & Johnson (COVID
19 Vaccine Manufacturer).
Margaret A.
Hamburg is the commissioner for the U.S. Food and Drug
Administration (FDA) and the VP for the Nuclear Threat Initiative
(think tank).
Carnegie
Endowment for International Peace (think tank) was a
funder for the Nuclear Threat Initiative (think tank).
Donald Kennedy was
a trustee at the Carnegie Endowment for International Peace (think
tank) and a commissioner for the U.S. Food and Drug Administration
(FDA).
Open Society Foundations was a funder for the Carnegie
Endowment for International Peace (think tank).
George
Soros is the founder & chairman for
the Open Society Foundations and was the chairman for the Foundation
to Promote Open Society.
Foundation to Promote Open Society was a funder for the Carnegie
Endowment for International Peace (think tank).
Jon M. Huntsman
Jr. is a trustee at the Carnegie Endowment for International
Peace (think tank) and an ambassador to China for
the Barack Obama administration.
J. Stapleton Roy is
a trustee at the Carnegie Endowment for International Peace (think
tank) an executive board member for the United States-China Policy
Foundation and was a U.S. ambassador for China.
Chas. W. Freeman
Jr. is a trustee at the Carnegie Endowment for International
Peace (think tank), was a co-chairman for the United States-China
Policy Foundation and the National Intelligence Council chairman nominee
for the Barack Obama administration.
Andrew Carnegie was
the founder of the Carnegie Endowment for International Peace (think
tank) and the founder of Carnegie Hall.
Harold W. McGraw
III is a trustee at the Carnegie Hall and a director at
the U.S.-China Business Council.
Mohamed A. El-Erian is a trustee at the Carnegie Endowment for
International Peace (think tank) and was the deputy director for
the International Monetary Fund.
Christine
Lagarde is a managing director at the International Monetary
Fund and attended George Soros’s 2013 wedding
reception.
George Soros was married in 2013 and Christine Lagarde
attended his wedding reception.
Min Zhu is the
deputy managing director at the International Monetary Fund and
was the deputy governor for the People's Bank of China.
People's
Bank of China is the central bank for China.
Hong Kong is a
special administrative region of China.
Hong
Kong Trade Development Council is a trade group for Hong Kong.
Sidley Austin
LLP is the lobby firm for the Hong Kong Trade Development
Council, was the lobby firm for the Pharmaceutical Research and
Manufacturers of America and Johnson & Johnson (COVID 19 Vaccine Manufacturer).
Barack Obama was
an intern at Sidley Austin LLP.
Michelle Obama was
a lawyer at Sidley Austin LLP.
Newton N. Minow is
a senior counsel at Sidley Austin LLP and a member of the Commercial
Club of Chicago.
R. Eden Martin is
counsel at Sidley Austin LLP and the president of the Commercial
Club of Chicago.
W. James
McNerney Jr. is a member of the Commercial Club of Chicago and was
a director at the U.S.-China Business Council.
William M. Daley is
a member of the Commercial Club of Chicago, was the chief of staff
for the Barack Obama administration and a director at the U.S.-China
Business Council.
Valerie B. Jarrett is a
member of the Commercial Club of Chicago, Vernon E. Jordan
Jr’s great niece and the senior adviser for the Barack Obama
administration.
Vernon E. Jordan
Jr. is Valerie B. Jarrett’s great uncle, an honorary trustee at
the Brookings Institution (think tank), married to Ann Dibble
Jordan and a senior counsel for Akin, Gump, Strauss, Hauer &
Feld, LLP.
Akin,
Gump, Strauss, Hauer & Feld, LLP was the lobby firm for the Pharmaceutical
Research and Manufacturers of America and Johnson & Johnson
(COVID 19 Vaccine Manufacturer).
William C. Weldon
was the chairman for the Pharmaceutical Research and Manufacturers of
America and the chairman for Johnson & Johnson (COVID 19 Vaccine Manufacturer).
Resources:
Past Research
Lily
to Invest $27B in New US Plants to Avoid Tariffs (Connecting the Dots: Eli
Lilly and Company, Sidley Austin LLP, Obamacare, Commercial Club of Chicago,
The Pharmaceutical Research and Manufacturers of America & Soros Funding,
All Networking) (Past Research on The
Pharmaceutical Research and Manufacturers of America)
Wednesday,
February 26, 2025
https://thesteadydrip.blogspot.com/2025/02/lily-to-invest-27b-in-new-us-plants-to.html
Netflix
to Invest $1 Billion in Mexico Over Next 4 Years (Connecting the Dots: Netflix,
Ted Sarandos, Mexico & Soros Funding, All Networking) (Past Research on Mexico)
Thursday,
February 20, 2025
https://thesteadydrip.blogspot.com/2025/02/netflix-to-invest-1-billion-in-mexico.html
Johnson's
Baby Powder and Ovarian Cancer (Past Research on Johnson
& Johnson)
Sunday,
April 10, 2016
https://thesteadydrip.blogspot.com/2016/04/johnsons-baby-powder-and-ovarian-cancer.html
New
Quinnipiac NY Poll (Past Research on the Pharmaceutical
Research and Manufacturers of America)
Sunday,
April 17, 2016
https://thesteadydrip.blogspot.com/2016/04/new-quinnipiac-ny-poll.html
Hours
After John Kerry Demands Green Transition Accelerated – His Emissions Closet
Swings Wide Open (Connecting the Dots: Cameron Kerry, John Kerry, Teresa Heinz
Kerry, Soros, the Climate Reality Project, the Brookings Institution (think
tank), the EPA and onto the FDA, Pfizer & Johnson & Johnson. It’s the
Network That Never Ends. One Project (Climate Change) Just bleeds into the Next
(Covid Project)) (Past Research on Cameron Kerry)
Thursday,
July 21, 2022
https://thesteadydrip.blogspot.com/2022/07/hours-after-john-kerry-demands-green.html
FDA
Fails to Protect Americans from Dangerous Drugs and Unsafe Foods (Past Research on the FDA)
Sunday,
May 10, 2015
https://thesteadydrip.blogspot.com/2015/05/fda-fails-to-protect-americans-from.html
Chinese
Crash Crushes Stock Market as Obama Imitates Chinese Economy (Past Research on China)
Monday,
August 24, 2015
https://thesteadydrip.blogspot.com/2015/08/chinese-crash-crushes-stock-market-as.html
Obama
to Cut Short India Trip to Pay Call on Saudi Arabia (Past
Research on the United States-China Policy Foundation)
Saturday,
January 24, 2015
https://thesteadydrip.blogspot.com/2015/01/obama-to-cut-short-india-trip-to-pay.html
Accountability
Theater: Nobody Got Fired Over the VA Scandal (Past
Research on the U.S.-China Business Council)
Saturday,
April 25, 2015
https://thesteadydrip.blogspot.com/2015/04/accountability-theater-nobody-got-fired.html
Dot-Connecting
Between Angela Chao and Mitch McConnell (Connecting the Dots: Angela Chao,
Elaine Chao, Mitch McConnell, Bank of China, China, Oxford Rhodes Scholars
& Soros Funding, All Networking) (Past Research
on China)
Monday,
April 1, 2024
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