Republican presidential candidate Vivek Ramaswamy made the misleading claim during a campaign stop in New Hampshire.
The claim: Republican presidential candidate Vivek Ramaswamy, who as a venture capitalist has had business ties to China in the past, has made policy concerns about China a focus of his campaign. In an Oct. 13 address to the First in the Nation Summit in Nashua, N.H., Ramaswamy warned the U.S. against relying on China for key resources. He said the U.S. needed to build up its “semiconductor independence” because chips are vital for a whole host of consumer products.
Drug dependence on China became a talking point in the early months of the coronavirus pandemic, when some in the U.S. worried whether Americans would suffer shortages of medicines sourced from overseas producers. Early in the pandemic, the Pacific Research Institute, a free-market think tank, cited U.S. Census Bureau data showing that China accounted for 18% of U.S. imports of active pharmaceutical ingredients in 2019, and just 1% of U.S.
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