As Capitol Hill debates what the future of the U.S. generic drugs industry will look like, another alarm bell has rung at the Food and Drug Administration (FDA). This time, imported semaglutide generics – similar to Ozempic – sold by a company called the Cheap Medicine Shop were issued an FDA Warning Letter for marketing a drug that had not been approved for sale in the U.S.
AI data center demand for semiconductors, computers and telecommunications equipment drove the goods deficit to its highest level of the year – coming in at $136.57 billion for August, according to the Bureau of Economic Analysis on Tuesday.
Days off the Trump-Xi meeting, four Members of Congress are currently pushing a more structural and long-term China-risk-reduction agenda than the Trump administration is pursuing through the bilateral relationship.
Chairman Rick Scott (R-FL) of the Senate Aging Committee made a prediction during a hearing on domestic generic drug manufacturing on Wednesday, saying that his CLEAR Labels Act will become law this year.
A Sept. 2 House Ways & Means Committee hearing on critical minerals had both members and witnesses suggesting that countries the U.S. relies on for these hard-to-mine, harder-to-process minerals be granted trade preferences.
The July goods deficit hit a record for the year at $119.59 billion, according to Thursday’s data from the U.S. Bureau of Economic Analysis (BEA). If oil and gas export values are removed, the goods gap with the world for July comes in at $128.55 billion.
![Mexico’s top trade diplomat, Marcelo Ebrard, was in Washington for several days last week [from Aug. 24 to Aug. 26] but quietly left empty handed on Wednesday.](https://prosperousamerica.org/wp-content/uploads/2026/09/claudia-sheinbaum-650x366.jpg "claudia-sheinbaum")
Mexico’s top trade diplomat, Marcelo Ebrard, was in Washington for several days last week [from Aug. 24 to Aug. 26] but quietly left empty handed on Wednesday.
Despite foreign currency gains against the dollar in top trading partners like Mexico, Vietnam and China, import values for goods came in at $309.01 billion. That is the second highest import value of the year following May’s $316.86 billion surge, the Bureau of Economic Analysis said on Tuesday.
The Committee hearing on shipbuilding took place on July 22. Like everything else tied to global trade, China competition was the impetus to building a shipbuilding and modern port infrastructure industry domestically.
Meanwhile, Others Call for Tariffs on Lamb Meat, Sugar and Steel-Making Ores
