1 00:00:01,200 --> 00:00:03,080 Speaker 1: We have got a lot that has happened at the 2 00:00:03,120 --> 00:00:06,240 Speaker 1: White House. In fact, and just the last week, President 3 00:00:06,280 --> 00:00:09,200 Speaker 1: Trump has secured a UK trade deal, which is already 4 00:00:09,240 --> 00:00:12,440 Speaker 1: old news. We now have this China trade deal. We 5 00:00:12,480 --> 00:00:15,240 Speaker 1: have the release of an American hostage. We have the 6 00:00:15,320 --> 00:00:19,200 Speaker 1: ceasefire with India and Pakistan, and a ceasefire with the 7 00:00:19,239 --> 00:00:22,680 Speaker 1: who Thies. And where's the media obsessing over well, saying 8 00:00:22,680 --> 00:00:25,639 Speaker 1: the Donald Trump's deal with China may not actually work out, 9 00:00:25,720 --> 00:00:28,160 Speaker 1: and that's what you should really be focusing on. 10 00:00:28,800 --> 00:00:30,480 Speaker 2: White House press singer Terry. 11 00:00:30,240 --> 00:00:33,000 Speaker 1: Coming out on Fox and Friends Monday morning, sang the 12 00:00:33,040 --> 00:00:35,199 Speaker 1: stage for all of this, saying, this. 13 00:00:35,479 --> 00:00:37,879 Speaker 3: Told you the next one hundred days would consist of 14 00:00:37,960 --> 00:00:40,440 Speaker 3: peace deals in trade deals, and that's exactly what we 15 00:00:40,520 --> 00:00:43,360 Speaker 3: have seen. The President announced last week the big trade 16 00:00:43,400 --> 00:00:45,159 Speaker 3: deal with the UK, as you mentioned, Now we have 17 00:00:45,240 --> 00:00:48,720 Speaker 3: a first deal with China. Just yesterday, the President announced 18 00:00:48,760 --> 00:00:52,960 Speaker 3: the release of the last remaining American hostage in Gaza, Eden, Alexander, 19 00:00:53,000 --> 00:00:56,440 Speaker 3: who will soon be united with his loving family, God 20 00:00:56,480 --> 00:01:00,200 Speaker 3: bless him. That's thanks to President Trump. We also negotiated 21 00:01:00,240 --> 00:01:03,880 Speaker 3: a ceasefire with the Hoothies, and President Trump was instrumental 22 00:01:03,960 --> 00:01:06,560 Speaker 3: in negotiating a ceasefire with India and Pakistan. 23 00:01:06,840 --> 00:01:08,640 Speaker 2: This is all in the last week. 24 00:01:08,920 --> 00:01:11,880 Speaker 3: President Trump and his team are working incredibly hard on 25 00:01:11,920 --> 00:01:15,360 Speaker 3: behalf of the country and the world to secure peace deals, 26 00:01:15,360 --> 00:01:17,760 Speaker 3: in trade deals, and don't forget, we have a tax 27 00:01:17,800 --> 00:01:20,839 Speaker 3: deal coming too. The administration is working with Capitol Hills 28 00:01:20,880 --> 00:01:26,160 Speaker 3: to sign the largest tax cuts in American history. Right now, you. 29 00:01:26,240 --> 00:01:28,880 Speaker 1: Listen to this White House and time and time again, 30 00:01:29,240 --> 00:01:33,000 Speaker 1: this administration is telling you what they're gonna do. The 31 00:01:33,080 --> 00:01:36,119 Speaker 1: Left says it's impossible, that it cannot happen, and then 32 00:01:36,160 --> 00:01:39,039 Speaker 1: they pay off on it and they do it. You 33 00:01:39,120 --> 00:01:42,399 Speaker 1: look at the president right now on the issue of China. 34 00:01:42,640 --> 00:01:45,280 Speaker 1: Just this week, I was on CNN and one of 35 00:01:45,280 --> 00:01:48,520 Speaker 1: the people from the view In Navarro, host of yous, 36 00:01:48,520 --> 00:01:53,120 Speaker 1: she's on CNN. She's like, and another expert quote unquote 37 00:01:53,160 --> 00:01:55,600 Speaker 1: expert when it comes to the economy we're on. They're like, well, 38 00:01:55,680 --> 00:01:57,600 Speaker 1: there's a very good chance these trade deals won't even 39 00:01:57,600 --> 00:01:59,320 Speaker 1: get done this year. And I'm like, that's not true, 40 00:01:59,440 --> 00:02:02,320 Speaker 1: that's absolutely not true. And I fought back hard because 41 00:02:02,320 --> 00:02:04,440 Speaker 1: they're just lying, and they're like, well, the American people 42 00:02:04,720 --> 00:02:07,040 Speaker 1: can't handle these trade deals and there's going to be 43 00:02:07,040 --> 00:02:09,440 Speaker 1: empty shelves because this is going to drag on into 44 00:02:09,480 --> 00:02:12,760 Speaker 1: next year. Well, what happened with China here is part 45 00:02:12,800 --> 00:02:14,160 Speaker 1: of what the White House said about that. 46 00:02:14,680 --> 00:02:17,560 Speaker 4: First off, your reaction and what could you tell us 47 00:02:17,600 --> 00:02:20,760 Speaker 4: about the China deal that has tariffs dropping from one 48 00:02:20,800 --> 00:02:23,880 Speaker 4: hundred and forty five one twenty five respectively. 49 00:02:23,560 --> 00:02:24,920 Speaker 2: To thirty and ten. 50 00:02:26,240 --> 00:02:29,639 Speaker 3: This is an extraordinary first step in the right direction, 51 00:02:30,040 --> 00:02:33,120 Speaker 3: and thanks to the strength of President Trump, Secretary Besant, 52 00:02:33,160 --> 00:02:36,720 Speaker 3: and Ambassador Greer, we're able to cut this initial deal 53 00:02:36,760 --> 00:02:39,760 Speaker 3: with China. China agreed to reduce their tariffs on the 54 00:02:39,840 --> 00:02:43,400 Speaker 3: United States by one hundred and fifteen percent. They also 55 00:02:43,480 --> 00:02:47,680 Speaker 3: agreed to continue having discussions about opening Chinese markets to 56 00:02:47,800 --> 00:02:50,880 Speaker 3: American made products and goods. And they also agreed to 57 00:02:50,880 --> 00:02:55,280 Speaker 3: continue seriously discussing the grave impact that Chinese produced fetanol 58 00:02:55,400 --> 00:02:56,880 Speaker 3: is having right here in the. 59 00:02:56,880 --> 00:02:58,239 Speaker 2: United States and our people. 60 00:02:58,360 --> 00:03:01,200 Speaker 3: So this is a great first for the American public, 61 00:03:01,280 --> 00:03:04,040 Speaker 3: and Secretary Best and Ambassador Greer, and of course President 62 00:03:04,080 --> 00:03:07,560 Speaker 3: Trump will continue negotiations with China so we can hopefully 63 00:03:07,840 --> 00:03:11,520 Speaker 3: inevitably get to a fair and comprehensive big trade deal. 64 00:03:12,000 --> 00:03:14,400 Speaker 1: So, yet again with the media and the last set 65 00:03:14,520 --> 00:03:18,720 Speaker 1: was impossible has become a reality. President Trump also on Monday, 66 00:03:18,760 --> 00:03:20,880 Speaker 1: saying this about China and the. 67 00:03:20,800 --> 00:03:24,200 Speaker 4: Deal, and they've agreed to open China, fully open China. 68 00:03:24,919 --> 00:03:27,680 Speaker 4: And I think it's going to be fantastic for China. 69 00:03:27,680 --> 00:03:29,920 Speaker 4: I think it's going to be fantastic for US, and 70 00:03:29,960 --> 00:03:32,880 Speaker 4: I think it's going to be great for unification and peace. 71 00:03:33,639 --> 00:03:36,839 Speaker 4: China will also suspend and remove all of its non 72 00:03:36,960 --> 00:03:42,920 Speaker 4: monetary barriers. They've agreed to do that. Well, they're very numerous. 73 00:03:42,960 --> 00:03:45,080 Speaker 4: But again, to me, the biggest thing that came out 74 00:03:45,080 --> 00:03:46,720 Speaker 4: of that meeting is they've agreed. Now we have to 75 00:03:46,720 --> 00:03:49,400 Speaker 4: get it papered, but they've agreed to open up China's 76 00:03:49,440 --> 00:03:50,760 Speaker 4: going to be great for everybody. 77 00:03:51,320 --> 00:03:54,000 Speaker 1: And look, this is the President United States of America 78 00:03:54,120 --> 00:03:58,920 Speaker 1: having dialogue and conversations and sending an envoy to Geneva, 79 00:03:59,000 --> 00:04:01,760 Speaker 1: where he said, we got to let them understand they've 80 00:04:01,800 --> 00:04:04,080 Speaker 1: been taking advantage of us. They know that we're not 81 00:04:04,120 --> 00:04:06,320 Speaker 1: going to let them keep doing it. They know that, 82 00:04:06,800 --> 00:04:09,880 Speaker 1: so let's do a better deal for both nations. And 83 00:04:09,920 --> 00:04:12,720 Speaker 1: so as he described what happened Geneva, here's what he 84 00:04:12,800 --> 00:04:14,040 Speaker 1: said with more details. 85 00:04:14,680 --> 00:04:18,480 Speaker 4: In addition, yesterday we achieved a total reset with China 86 00:04:19,120 --> 00:04:23,279 Speaker 4: after productive talks in Geneva. Both sides now agree to 87 00:04:23,360 --> 00:04:28,279 Speaker 4: reduce the tariffs imposed after April second to ten percent 88 00:04:28,480 --> 00:04:32,600 Speaker 4: for ninety days as negotiators continue in the largest structural issues. 89 00:04:33,680 --> 00:04:36,960 Speaker 5: And I want to tell you that a couple of things. 90 00:04:37,200 --> 00:04:39,320 Speaker 4: First of all, that doesn't include the tariffs that are 91 00:04:39,560 --> 00:04:42,920 Speaker 4: already on that are our tariffs, And it doesn't include 92 00:04:42,960 --> 00:04:48,320 Speaker 4: tariffs on cars, steel, aluminum, things such as that, or 93 00:04:48,440 --> 00:04:51,800 Speaker 4: tariffs that may be imposed on pharmaceuticals, because we want 94 00:04:51,839 --> 00:04:55,440 Speaker 4: to bring the pharmaceutical businesses back to the United States 95 00:04:55,480 --> 00:05:00,000 Speaker 4: and they're already starting to come back now based on tariffs. 96 00:05:00,040 --> 00:05:02,520 Speaker 1: Let me walk you through where we were and where 97 00:05:02,520 --> 00:05:05,520 Speaker 1: we are now, because if you look at this timeline, 98 00:05:05,839 --> 00:05:08,480 Speaker 1: it's one that you need to understand not only how 99 00:05:08,560 --> 00:05:12,520 Speaker 1: quickly this happened, but also what the art of the 100 00:05:12,520 --> 00:05:14,520 Speaker 1: deal look like. I'm going to take you back to 101 00:05:14,640 --> 00:05:18,040 Speaker 1: Phase one of the trade agreement signed January the fifteenth 102 00:05:18,080 --> 00:05:18,800 Speaker 1: of twenty twenty. 103 00:05:18,920 --> 00:05:21,480 Speaker 2: All right, Phase one. The agreement back. 104 00:05:21,360 --> 00:05:23,520 Speaker 1: Then aimed to ease trade tensions between the US and 105 00:05:23,600 --> 00:05:28,280 Speaker 1: China that had escalated. They claim since twenty eighteen. China 106 00:05:28,400 --> 00:05:31,120 Speaker 1: commitments were to increase the purchase of US goods and 107 00:05:31,160 --> 00:05:34,080 Speaker 1: services by two hundred billion over twenty twenty twenty twenty 108 00:05:34,160 --> 00:05:37,400 Speaker 1: one compared to quote twenty seventeen levels. 109 00:05:37,440 --> 00:05:38,680 Speaker 2: Guess what happened. They didn't do that. 110 00:05:39,200 --> 00:05:42,240 Speaker 1: They also claim they were going to enhance intellectual property protections. 111 00:05:42,279 --> 00:05:43,000 Speaker 2: They didn't do it. 112 00:05:43,360 --> 00:05:46,320 Speaker 1: They said they were going to eliminate force technology transfers, 113 00:05:46,440 --> 00:05:48,640 Speaker 1: they lied, they didn't do it. They said they were 114 00:05:48,640 --> 00:05:51,159 Speaker 1: going to reframe from competitive currency devaluation. 115 00:05:51,560 --> 00:05:52,120 Speaker 2: They lied. 116 00:05:52,160 --> 00:05:56,160 Speaker 1: They are currency they do currency manipulation. 117 00:05:55,760 --> 00:05:57,240 Speaker 2: All the time. They didn't do it. 118 00:05:57,320 --> 00:06:00,359 Speaker 1: Now again, I go back to their lies with the 119 00:06:00,400 --> 00:06:04,599 Speaker 1: Obama Biden regime and the Biden Harrish regime. They said 120 00:06:04,600 --> 00:06:07,520 Speaker 1: they were going to improve access for US financial services firms. 121 00:06:07,680 --> 00:06:10,280 Speaker 1: All of that was a lie. None of it works. 122 00:06:10,360 --> 00:06:13,720 Speaker 1: So you now look and you move forward from there. Right, 123 00:06:13,760 --> 00:06:15,520 Speaker 1: they were lying. They're taking advantage of us. They have 124 00:06:15,560 --> 00:06:17,280 Speaker 1: tarras on our stuff. They don't look our stuff going 125 00:06:17,320 --> 00:06:20,240 Speaker 1: to their country. You move forward to twenty twenty five 126 00:06:20,360 --> 00:06:24,160 Speaker 1: May the twelfth, and here's what we now know. There 127 00:06:24,240 --> 00:06:26,880 Speaker 1: was this trade tension. They took advantage of us. The 128 00:06:26,920 --> 00:06:30,800 Speaker 1: President said no more, and he said we're done. We're 129 00:06:30,839 --> 00:06:35,160 Speaker 1: going to basically put imports to one hundred and forty 130 00:06:35,200 --> 00:06:38,680 Speaker 1: five percent. You now see where we are today on 131 00:06:38,720 --> 00:06:41,480 Speaker 1: the twelfth, and the US tarifs on Chinese imports are 132 00:06:41,520 --> 00:06:43,880 Speaker 1: gone from one hundred and forty five percent to down 133 00:06:43,920 --> 00:06:47,240 Speaker 1: to thirty percent. Chinese tariffs on US goods have been 134 00:06:47,240 --> 00:06:50,640 Speaker 1: reduced from one hundred and twenty five percent to ten percent, 135 00:06:51,160 --> 00:06:54,320 Speaker 1: and the reductions are set for ninety day periods, during 136 00:06:54,320 --> 00:06:59,919 Speaker 1: which they say further negotiations will continue. Global stock markets 137 00:07:00,000 --> 00:07:01,440 Speaker 1: so what do they do. They didn't listen to the 138 00:07:01,480 --> 00:07:03,960 Speaker 1: media or the left or the Democrats. They surge with 139 00:07:04,040 --> 00:07:09,400 Speaker 1: significant games and major indexes. The US dollar also strengthened, 140 00:07:09,680 --> 00:07:14,320 Speaker 1: and commodity price including crude oil, rowse significantly. While the 141 00:07:14,360 --> 00:07:18,080 Speaker 1: agreement is seen is a quote positive step, experts quote 142 00:07:18,120 --> 00:07:22,920 Speaker 1: caution it may be temporary fixed without addressing underlying issues. 143 00:07:23,000 --> 00:07:26,480 Speaker 1: That's the economic times. Again, you cannot trust the media 144 00:07:26,560 --> 00:07:29,400 Speaker 1: and how they're doing this. So what is the takeaway 145 00:07:29,400 --> 00:07:33,280 Speaker 1: from this? The takeaway is pretty simple, US China trade. 146 00:07:33,320 --> 00:07:37,040 Speaker 1: The relations are seeing a significant development in favor of 147 00:07:37,080 --> 00:07:41,920 Speaker 1: the US. China needs America more than we need China, 148 00:07:42,080 --> 00:07:44,280 Speaker 1: is what they are now signaling. They were going to 149 00:07:44,320 --> 00:07:47,760 Speaker 1: have major economic problems in China. That's the reason why 150 00:07:47,800 --> 00:07:51,320 Speaker 1: they decide to come forward and do this deal now. 151 00:07:51,840 --> 00:07:54,520 Speaker 1: And look, if you listen to what those around the 152 00:07:54,520 --> 00:07:59,960 Speaker 1: president said about this deal, President Trump outlining a vision 153 00:08:00,000 --> 00:08:04,440 Speaker 1: and they said for rebranding and rebalancing global trade. I 154 00:08:04,480 --> 00:08:06,360 Speaker 1: want you to hear what Scotts said had to say, 155 00:08:06,400 --> 00:08:07,000 Speaker 1: take a listen. 156 00:08:07,360 --> 00:08:11,360 Speaker 6: This administration is running full speed to make sure that 157 00:08:11,440 --> 00:08:16,200 Speaker 6: what we saw during COVID never happens again. So it's 158 00:08:16,240 --> 00:08:21,040 Speaker 6: a combination of it can be terrorists, but again it 159 00:08:21,120 --> 00:08:25,120 Speaker 6: is the administration moving as quickly as possible to make 160 00:08:25,160 --> 00:08:28,960 Speaker 6: sure that we are self sufficient in the strategic industries. 161 00:08:29,200 --> 00:08:32,800 Speaker 7: I think that's completely understandable from the United States side, 162 00:08:33,080 --> 00:08:35,120 Speaker 7: and I wanted to miss the secretary whether the Chinese 163 00:08:35,160 --> 00:08:37,800 Speaker 7: understood that. Did you get the sense they do understand 164 00:08:37,800 --> 00:08:40,360 Speaker 7: that that will be the road forward for the United States. 165 00:08:43,160 --> 00:08:46,400 Speaker 6: Well, I think they understand that, and I think they 166 00:08:46,520 --> 00:08:51,000 Speaker 6: understand that we are focused on fair trade, that this 167 00:08:51,360 --> 00:08:56,880 Speaker 6: gigantic deficit that we have with them, that it didn't 168 00:08:56,880 --> 00:08:59,319 Speaker 6: happen last year, it didn't happen the year before, It's 169 00:08:59,360 --> 00:09:03,560 Speaker 6: happened over decades, and that this happened. Half excuse me 170 00:09:03,920 --> 00:09:09,320 Speaker 6: has to be remedied. The China shock gutted our manufacturing sector, 171 00:09:09,520 --> 00:09:12,280 Speaker 6: and we want to bring that back. On the other side, 172 00:09:12,640 --> 00:09:16,240 Speaker 6: Party Chair. She has said that he would like to 173 00:09:16,320 --> 00:09:22,840 Speaker 6: increase consumption, but to date the Chinese have just increased manufacturing. 174 00:09:23,240 --> 00:09:26,360 Speaker 6: So we would like to see them increase consumption. We 175 00:09:26,440 --> 00:09:29,800 Speaker 6: would like to see them open their market to American products. 176 00:09:29,880 --> 00:09:34,480 Speaker 6: So there are two ways to rebalance. One is fewer 177 00:09:35,200 --> 00:09:39,000 Speaker 6: Chinese goods in the US market. The other is more 178 00:09:39,040 --> 00:09:42,600 Speaker 6: American goods in the Chinese market. And my guess is 179 00:09:43,040 --> 00:09:45,440 Speaker 6: that the answer is somewhere in between. 180 00:09:47,080 --> 00:09:50,480 Speaker 1: So you listen to what the President outlined a vision 181 00:09:50,640 --> 00:09:54,600 Speaker 1: for a rebalance, and we're getting it this ninety days 182 00:09:54,640 --> 00:09:57,920 Speaker 1: to move forward with lowering these tariffs on each country 183 00:09:58,280 --> 00:10:01,840 Speaker 1: and China moving several steps closer to achieving a major 184 00:10:02,120 --> 00:10:08,840 Speaker 1: renegotiation deal. Everyone said this was impossible, and it's happening. 185 00:10:09,720 --> 00:10:14,239 Speaker 1: God blessed Donald Trump for doing this. I mentioned earlier 186 00:10:14,400 --> 00:10:19,320 Speaker 1: that China ignored and broke virtually everything from twenty twenty 187 00:10:19,320 --> 00:10:21,720 Speaker 1: to twenty twenty four that we had had in agreements 188 00:10:21,800 --> 00:10:25,560 Speaker 1: before them. Currency manipulation, laugh in our face is a 189 00:10:25,600 --> 00:10:29,559 Speaker 1: great example of that Second Trader. Secretary Bassett also said 190 00:10:29,600 --> 00:10:31,880 Speaker 1: this about China and why they were able to get 191 00:10:31,880 --> 00:10:34,600 Speaker 1: away with ignoring the trade agreement that was set up 192 00:10:34,600 --> 00:10:38,000 Speaker 1: by Trump in twenty sixteen through twenty twenty, that Joe 193 00:10:38,000 --> 00:10:41,640 Speaker 1: Biden inherited that they just they didn't care because they 194 00:10:41,679 --> 00:10:42,760 Speaker 1: knew Joe Biden was weak. 195 00:10:42,800 --> 00:10:43,439 Speaker 2: They owned him. 196 00:10:43,559 --> 00:10:47,280 Speaker 1: This goes back to the corruption with the Biden crime family. 197 00:10:47,679 --> 00:10:52,480 Speaker 1: China was paying off the President's family clearly, and the 198 00:10:52,600 --> 00:10:54,120 Speaker 1: ten percent for the big guy. 199 00:10:54,600 --> 00:10:57,000 Speaker 2: They knew they didn't have to play by the rules. 200 00:10:57,320 --> 00:10:59,720 Speaker 6: What has to happen is it has to be fair 201 00:10:59,760 --> 00:11:04,240 Speaker 6: for the American people. But in January twenty twenty, President 202 00:11:04,320 --> 00:11:05,920 Speaker 6: Trump produced a template. 203 00:11:06,120 --> 00:11:07,760 Speaker 5: We had an. 204 00:11:07,640 --> 00:11:14,480 Speaker 6: Excellent trade agreement with China, and the Biden administration chows not. 205 00:11:14,480 --> 00:11:15,280 Speaker 2: To enforce it. 206 00:11:15,800 --> 00:11:19,880 Speaker 6: That the Chinese delegation basically told us that once President 207 00:11:19,880 --> 00:11:23,840 Speaker 6: Biden came into office, they just ignored their obligations. So 208 00:11:24,920 --> 00:11:28,679 Speaker 6: we all already have a large framework. The other thing 209 00:11:28,720 --> 00:11:32,600 Speaker 6: to remember here, Jonathan, is that this is a pause 210 00:11:32,760 --> 00:11:37,360 Speaker 6: down to ten percent. The April second level for China 211 00:11:37,679 --> 00:11:42,920 Speaker 6: is thirty four percent, So we will be working to 212 00:11:43,080 --> 00:11:48,280 Speaker 6: see where their final reciprocal number ends up, and the 213 00:11:48,360 --> 00:11:53,520 Speaker 6: negotiations are a combination of tariffs, non tariff trade barriers, 214 00:11:53,840 --> 00:11:58,520 Speaker 6: currency manipulation, and subsidies of labor and capital. 215 00:12:00,040 --> 00:12:03,319 Speaker 1: So this is all part of the Grand Plan. Trump 216 00:12:03,400 --> 00:12:05,920 Speaker 1: has a China trade deal. They said it couldn't happen. 217 00:12:06,280 --> 00:12:09,960 Speaker 1: Trump is lowering prescription drug prices. That's another thing that 218 00:12:10,000 --> 00:12:12,439 Speaker 1: he did as well. So let's move to that because 219 00:12:12,440 --> 00:12:14,960 Speaker 1: that's another big part of this story right now that 220 00:12:15,000 --> 00:12:18,640 Speaker 1: you need to understand. The President coming out making it 221 00:12:18,960 --> 00:12:23,920 Speaker 1: very cleared that it's time for us to fight big pharma, 222 00:12:23,960 --> 00:12:27,440 Speaker 1: as he put it, fight them and make sure that 223 00:12:27,559 --> 00:12:30,880 Speaker 1: America is no longer taking advantage of. Same thing with 224 00:12:30,960 --> 00:12:33,000 Speaker 1: the what we just talked about with China, but now 225 00:12:33,040 --> 00:12:37,559 Speaker 1: this applies to us and to what we're dealing with 226 00:12:37,559 --> 00:12:43,359 Speaker 1: with prescription drug prices that are clearly out of control. 227 00:12:43,840 --> 00:12:47,400 Speaker 1: Take a listen to the President talking about this at 228 00:12:47,400 --> 00:12:49,320 Speaker 1: the White House or saying we are no longer going 229 00:12:49,360 --> 00:12:51,080 Speaker 1: to be taken advantage of and the rest of the 230 00:12:51,080 --> 00:12:52,960 Speaker 1: world is going to have to pay their fair share, 231 00:12:53,320 --> 00:12:55,559 Speaker 1: and we're not going to subsidize these companies. 232 00:12:56,440 --> 00:12:59,520 Speaker 4: But starting today, the United States will no longer subsidize 233 00:12:59,559 --> 00:13:02,760 Speaker 4: the healthcare air of foreign countries, which is what we 234 00:13:02,760 --> 00:13:05,920 Speaker 4: were doing. We were subsidizing others healthcare countries where they 235 00:13:06,320 --> 00:13:09,640 Speaker 4: paid a small fraction of what for the same drug. 236 00:13:10,679 --> 00:13:12,960 Speaker 5: That what we pay many, many times more for. 237 00:13:13,640 --> 00:13:17,640 Speaker 4: And we're no longer tolerate profiteering and price gouging from 238 00:13:17,720 --> 00:13:18,360 Speaker 4: big pharma. 239 00:13:18,480 --> 00:13:20,280 Speaker 5: But again, it was. 240 00:13:20,280 --> 00:13:24,480 Speaker 4: Really the countries that forced Big Farmer to do things 241 00:13:24,559 --> 00:13:28,080 Speaker 4: that frankly, I'm not sure they really felt comfortable doing. 242 00:13:28,120 --> 00:13:30,800 Speaker 4: But they've gotten away with it these countries. European Union 243 00:13:31,320 --> 00:13:35,840 Speaker 4: has been brutal, and the drug companies actually told me, sirs, 244 00:13:35,920 --> 00:13:38,600 Speaker 4: it was just brutal how they forced them. And European 245 00:13:38,679 --> 00:13:45,920 Speaker 4: Union suing all our companies Apple, Google, Meta, they're suing 246 00:13:46,320 --> 00:13:47,199 Speaker 4: all of our companies. 247 00:13:47,280 --> 00:13:49,720 Speaker 5: They end up they have judges that are. 248 00:13:51,320 --> 00:13:59,120 Speaker 4: European Union centric and they get rewarded fifteen billion, seventeen billion, 249 00:13:59,240 --> 00:14:03,559 Speaker 4: twenty and they use that to run their operation. 250 00:14:04,640 --> 00:14:06,720 Speaker 5: Not going to happen any longer that I can tell you. 251 00:14:08,720 --> 00:14:12,520 Speaker 1: Not going to happen any longer that I can tell you. 252 00:14:12,840 --> 00:14:15,280 Speaker 1: And so is this going to be a slash and 253 00:14:15,320 --> 00:14:18,520 Speaker 1: the prices for you the American people? Yes, how do 254 00:14:18,559 --> 00:14:20,840 Speaker 1: we know it? Here's the President on that so for 255 00:14:20,880 --> 00:14:21,920 Speaker 1: the first time in many. 256 00:14:21,840 --> 00:14:24,880 Speaker 4: Years, we'll slash the costs of prescription drugs and we 257 00:14:24,960 --> 00:14:27,960 Speaker 4: will bring fairness to America. Drug prices will come down 258 00:14:28,800 --> 00:14:31,680 Speaker 4: by much more. Really, if you think fifty nine, if 259 00:14:32,080 --> 00:14:36,120 Speaker 4: you think of a drug that is sometimes ten times 260 00:14:36,160 --> 00:14:39,480 Speaker 4: more expensive, it's much more than the fifty nine percent. 261 00:14:39,600 --> 00:14:40,920 Speaker 4: You know, it depends on the way you want to 262 00:14:40,920 --> 00:14:43,160 Speaker 4: analyze it, but in one way, you could analyze it 263 00:14:43,200 --> 00:14:46,240 Speaker 4: that way. But between fifty nine and eighty and I 264 00:14:46,240 --> 00:14:50,920 Speaker 4: guess even ninety percent. So when I worked so hard 265 00:14:50,920 --> 00:14:53,640 Speaker 4: in the first term, and if I got prices down, 266 00:14:53,720 --> 00:14:55,600 Speaker 4: I remember I was the only one to ever get 267 00:14:55,640 --> 00:14:58,240 Speaker 4: prices down for a full year. But I get them 268 00:14:58,240 --> 00:14:59,880 Speaker 4: down like two percent, and I thought it was like 269 00:15:00,040 --> 00:15:03,240 Speaker 4: a big deal. Well we're getting them down sixty seventy 270 00:15:03,280 --> 00:15:07,080 Speaker 4: eighty ninety percent, But actually more than that if you 271 00:15:07,120 --> 00:15:12,080 Speaker 4: think about it in the way mathematically, and farmer has 272 00:15:12,120 --> 00:15:16,360 Speaker 4: to say, we're sorry, but we'll not be able to 273 00:15:16,360 --> 00:15:19,320 Speaker 4: do this any longer. To these to these countries that 274 00:15:19,360 --> 00:15:23,720 Speaker 4: have been so tough, they've been very tough, nasty. It's trade, 275 00:15:24,160 --> 00:15:28,400 Speaker 4: it's trade, and farmer is also very powerful. And the 276 00:15:28,440 --> 00:15:31,640 Speaker 4: Democrats have protected farmers and Look. 277 00:15:31,480 --> 00:15:34,280 Speaker 1: The President wasn't done there, as he explained to the 278 00:15:34,280 --> 00:15:37,160 Speaker 1: American people, and this is good for everyone. This is 279 00:15:37,200 --> 00:15:40,840 Speaker 1: not a political statement the president's making. He's talking about 280 00:15:40,840 --> 00:15:44,000 Speaker 1: how much more we are paying then other countries are 281 00:15:44,000 --> 00:15:48,080 Speaker 1: paying for the same drugs made in the same pharmaceutical labs. 282 00:15:48,120 --> 00:15:50,560 Speaker 1: The same damn pill in the same place, comes off 283 00:15:50,560 --> 00:15:52,760 Speaker 1: the line, and it goes to one country and they 284 00:15:52,800 --> 00:15:55,800 Speaker 1: pay ten cents on the dollar compared to the US. 285 00:15:56,000 --> 00:15:56,680 Speaker 2: It's wrong. 286 00:15:57,160 --> 00:16:02,080 Speaker 4: So today Americans spend twenty percent more for prescription drugs 287 00:16:02,080 --> 00:16:04,240 Speaker 4: than we spent in the year two thousand. 288 00:16:04,320 --> 00:16:04,720 Speaker 5: Think of that. 289 00:16:05,520 --> 00:16:08,040 Speaker 4: Our country has the highest drug prices anywhere in the 290 00:16:08,040 --> 00:16:12,200 Speaker 4: world by sometimes a factor of five, six seven, eight times. 291 00:16:12,960 --> 00:16:16,600 Speaker 4: It's not like they're slightly highed that six seven eight times. 292 00:16:16,600 --> 00:16:17,600 Speaker 5: There are even cases of. 293 00:16:17,600 --> 00:16:21,720 Speaker 4: Ten times higher, so that you go ten times more 294 00:16:21,760 --> 00:16:25,600 Speaker 4: expensive for the same drug. That's big numbers. Even though 295 00:16:25,640 --> 00:16:28,200 Speaker 4: the United States is home to only four percent of 296 00:16:28,240 --> 00:16:32,760 Speaker 4: the world's population, pharmaceutical companies make more than two thirds 297 00:16:32,800 --> 00:16:34,960 Speaker 4: of their profits in America. So think of that, with 298 00:16:35,080 --> 00:16:39,760 Speaker 4: four percent of the population, the pharmaceutical companies make most 299 00:16:39,760 --> 00:16:43,520 Speaker 4: of their money, most of their profits from America. 300 00:16:43,560 --> 00:16:46,400 Speaker 5: That's not a good thing. Now. 301 00:16:46,440 --> 00:16:49,040 Speaker 4: I think, by the way pharmaceutical have great respect for 302 00:16:49,160 --> 00:16:51,080 Speaker 4: these companies and for the people that run them. I 303 00:16:51,120 --> 00:16:53,720 Speaker 4: really do, and I think they did one of the 304 00:16:53,720 --> 00:16:57,520 Speaker 4: greatest jobs in history for their company, convincing people for 305 00:16:57,600 --> 00:17:01,920 Speaker 4: many years that this was a fair system. Never nobody 306 00:17:02,120 --> 00:17:06,879 Speaker 4: really understood why, but I figured it out. For years, 307 00:17:06,920 --> 00:17:10,520 Speaker 4: pharmaceutical and drug companies have said that research and development 308 00:17:10,520 --> 00:17:15,080 Speaker 4: costs were what they are for no reason whatsoever. 309 00:17:15,720 --> 00:17:21,240 Speaker 5: They had to be borne by America alone. Not anymore. 310 00:17:21,280 --> 00:17:23,159 Speaker 5: They don't, not anymore. 311 00:17:23,440 --> 00:17:27,639 Speaker 1: They don't the present saying we're going to most favored 312 00:17:27,880 --> 00:17:31,639 Speaker 1: nation prescription drug pricing. This is where it's going to 313 00:17:31,640 --> 00:17:34,840 Speaker 1: affect you in your bottom line when you go shopping 314 00:17:35,240 --> 00:17:36,560 Speaker 1: for drugs that you need. 315 00:17:36,800 --> 00:17:38,399 Speaker 2: And here is how that's going to work. 316 00:17:39,080 --> 00:17:41,440 Speaker 4: But it's called most favored nation. We are going to 317 00:17:41,480 --> 00:17:45,080 Speaker 4: pay the lowest price there is in the world. We 318 00:17:45,119 --> 00:17:48,600 Speaker 4: will get whoever is paying the lowest price, that's the 319 00:17:48,600 --> 00:17:49,840 Speaker 4: price that we're going to get. 320 00:17:49,920 --> 00:17:50,679 Speaker 5: So remember that. 321 00:17:50,840 --> 00:17:55,000 Speaker 4: So we're no longer paying ten times more than another country. 322 00:17:55,080 --> 00:17:58,199 Speaker 4: Whoever is paying the lowest price. We will look at 323 00:17:58,200 --> 00:18:01,000 Speaker 4: that price and we will say that's the price reguard. 324 00:18:00,720 --> 00:18:05,040 Speaker 5: To pay most favorite nations. That's what it is. 325 00:18:06,200 --> 00:18:11,760 Speaker 4: One breast cancer drug costs Americans over sixteen thousand dollars 326 00:18:11,800 --> 00:18:15,639 Speaker 4: per bottle, but the same drug from the same factory, 327 00:18:16,800 --> 00:18:22,480 Speaker 4: manufactured by the same company is one sixth that price 328 00:18:22,520 --> 00:18:28,200 Speaker 4: in Australia and one tenth that price in Sweden, one tenth. 329 00:18:28,240 --> 00:18:30,600 Speaker 5: For the identical product. 330 00:18:31,680 --> 00:18:35,160 Speaker 4: A common asthma drug costs almost five hundred dollars here 331 00:18:35,160 --> 00:18:38,760 Speaker 4: in America, but costs less than forty dollars in the 332 00:18:38,840 --> 00:18:43,240 Speaker 4: United Kingdom. So forty dollars in the United Kingdom, which 333 00:18:43,280 --> 00:18:45,920 Speaker 4: is where this gentleman told me he paid a small 334 00:18:45,960 --> 00:18:51,639 Speaker 4: amount for his shot. But think of that, So forty 335 00:18:51,680 --> 00:18:55,200 Speaker 4: dollars versus five hundred dollars. 336 00:18:54,840 --> 00:19:01,359 Speaker 1: Here, forty dollars compared to four or five hundred dollars here. 337 00:19:01,960 --> 00:19:05,360 Speaker 1: You have a president that is saying it very clearly, 338 00:19:06,080 --> 00:19:09,040 Speaker 1: this should have been done a long time ago. We 339 00:19:09,160 --> 00:19:12,320 Speaker 1: should have made it competitive market. That's what the American 340 00:19:12,359 --> 00:19:15,400 Speaker 1: people should have expected here. And one of the biggest 341 00:19:15,400 --> 00:19:17,600 Speaker 1: problems is when it comes to us, is we have 342 00:19:17,680 --> 00:19:22,040 Speaker 1: so many people that are filing bankruptcy, so many Americans 343 00:19:22,400 --> 00:19:28,439 Speaker 1: that are filing bankruptcy because of these incredibly high prices. 344 00:19:28,880 --> 00:19:31,359 Speaker 1: This is a historic day for the president. It's a 345 00:19:31,480 --> 00:19:34,160 Speaker 1: historic day, by the way, for the American people. It's 346 00:19:34,200 --> 00:19:37,439 Speaker 1: something that we should all be so excited about because 347 00:19:37,480 --> 00:19:41,040 Speaker 1: we finally have a president that is saying no more 348 00:19:41,080 --> 00:19:43,840 Speaker 1: to bankruptcy because of people that are having to mortgage 349 00:19:43,840 --> 00:19:46,600 Speaker 1: their homes and second mortgage and third mortgage to pay 350 00:19:46,640 --> 00:19:49,439 Speaker 1: for life saving pills that other countries are paying pennies 351 00:19:49,480 --> 00:19:51,800 Speaker 1: on the dollar for. It's exactly, by the way, what 352 00:19:51,840 --> 00:19:53,480 Speaker 1: the NIH director had to say. 353 00:19:53,880 --> 00:19:57,080 Speaker 8: I firmly believe in research and development for drugs. I mean, 354 00:19:57,640 --> 00:20:01,200 Speaker 8: it's part of the nit's mission to to look for 355 00:20:01,680 --> 00:20:05,360 Speaker 8: fundamental biological advances that develop in better treatments. But why 356 00:20:05,400 --> 00:20:08,240 Speaker 8: should it only be American taxpayers that pay for that. 357 00:20:08,520 --> 00:20:11,239 Speaker 8: What President Trump is doing is saying enough, let's have 358 00:20:11,480 --> 00:20:14,600 Speaker 8: a broader base of support for this research mission. It's 359 00:20:14,640 --> 00:20:17,479 Speaker 8: actually pro in some ways pro pharmas because it's going 360 00:20:17,520 --> 00:20:21,120 Speaker 8: to expand the set of of of sort of stakeholders 361 00:20:21,119 --> 00:20:23,959 Speaker 8: to include Europeans as well for the for the support 362 00:20:23,960 --> 00:20:26,280 Speaker 8: of R and D, while at the same time protecting 363 00:20:26,320 --> 00:20:30,520 Speaker 8: American taxpayers from having to pay such high prices for drugs. 364 00:20:31,000 --> 00:20:34,840 Speaker 8: I mean, we have patients going bankrupt over high high 365 00:20:34,880 --> 00:20:35,480 Speaker 8: health bills. 366 00:20:35,520 --> 00:20:36,680 Speaker 5: We have a. 367 00:20:36,280 --> 00:20:41,400 Speaker 1: Going bankrupt and the President's trying to stop that. Major 368 00:20:41,520 --> 00:20:44,639 Speaker 1: victory Number one for the American people is going to 369 00:20:44,680 --> 00:20:49,240 Speaker 1: have a massive impact on so many Americans that deal 370 00:20:49,280 --> 00:20:53,600 Speaker 1: with high costs of prescription drugs. Here is what you 371 00:20:53,760 --> 00:20:56,600 Speaker 1: need to know about what the President has done to 372 00:20:57,000 --> 00:21:01,840 Speaker 1: lower the price of prescription drugs for all Americans. The 373 00:21:01,960 --> 00:21:06,840 Speaker 1: announcement and the action put forth saying American patients will 374 00:21:06,880 --> 00:21:10,320 Speaker 1: be first instead of the pharmaceutical companies by Donald Trump 375 00:21:10,800 --> 00:21:13,919 Speaker 1: will have an impact for every American. Now, this should 376 00:21:13,960 --> 00:21:18,320 Speaker 1: not be a conservative or liberal, or Republican or Democratic issue, 377 00:21:18,840 --> 00:21:22,400 Speaker 1: yet Democrats are angry about it. So let me tell 378 00:21:22,440 --> 00:21:25,040 Speaker 1: you exactly how this is going to have an impact 379 00:21:25,080 --> 00:21:28,840 Speaker 1: on you. First up, the President said that we are 380 00:21:28,960 --> 00:21:34,959 Speaker 1: now going to have most Favored nation prescription drug pricing, 381 00:21:35,640 --> 00:21:37,879 Speaker 1: saying we are going to pay the lowest price that 382 00:21:37,960 --> 00:21:39,400 Speaker 1: there is in the world. 383 00:21:39,720 --> 00:21:42,280 Speaker 2: Here's the President in his own words. 384 00:21:42,320 --> 00:21:44,720 Speaker 4: But it's called most Favored nation. We are going to 385 00:21:44,720 --> 00:21:48,359 Speaker 4: pay the lowest price there is in the world. We 386 00:21:48,400 --> 00:21:51,840 Speaker 4: will get whoever is paying the lowest price. That's the 387 00:21:51,880 --> 00:21:54,159 Speaker 4: price that we're going to get. So remember this, So 388 00:21:54,200 --> 00:21:58,200 Speaker 4: We're no longer paying ten times more than another country. 389 00:21:58,320 --> 00:22:01,480 Speaker 4: Whoever is paying the lowest price. We will look at 390 00:22:01,480 --> 00:22:03,680 Speaker 4: that price and we will say that's the price we're 391 00:22:03,720 --> 00:22:07,359 Speaker 4: going to pay most favorite nations. 392 00:22:07,520 --> 00:22:08,280 Speaker 5: That's what it is. 393 00:22:09,440 --> 00:22:15,000 Speaker 4: One breast cancer drug costs Americans over sixteen thousand dollars 394 00:22:15,040 --> 00:22:18,879 Speaker 4: per bottle, but the same drug from the same factory, 395 00:22:20,080 --> 00:22:25,760 Speaker 4: manufactured by the same company is one sixth that price 396 00:22:25,800 --> 00:22:30,720 Speaker 4: in Australia and one tenth that price in Sweden, one 397 00:22:30,800 --> 00:22:31,640 Speaker 4: tenth for. 398 00:22:31,640 --> 00:22:33,920 Speaker 5: The identical product. 399 00:22:34,960 --> 00:22:38,400 Speaker 4: A common asthma drug costs almost five hundred dollars here 400 00:22:38,400 --> 00:22:42,000 Speaker 4: in America, but costs less than forty dollars in the 401 00:22:42,119 --> 00:22:46,520 Speaker 4: United Kingdom. So forty dollars in the United Kingdom, which 402 00:22:46,560 --> 00:22:49,920 Speaker 4: is where this gentleman told me he paid a small amount. 403 00:22:49,600 --> 00:22:51,320 Speaker 5: For his shot. 404 00:22:53,119 --> 00:22:58,400 Speaker 4: But think of that, So forty dollars versus five hundred dollars. 405 00:22:58,119 --> 00:23:03,160 Speaker 1: Here, forty compared to five hundred dollars, the difference between 406 00:23:03,160 --> 00:23:06,360 Speaker 1: the UK and the US. Now, let me explain more 407 00:23:06,359 --> 00:23:09,920 Speaker 1: about this order. The order directs the US Trade Representative 408 00:23:09,960 --> 00:23:13,280 Speaker 1: and the Secretary of Commerce to take action to ensure 409 00:23:14,000 --> 00:23:18,159 Speaker 1: foreign countries are not engaged in practices that purposely and 410 00:23:18,280 --> 00:23:23,320 Speaker 1: unfairly undercut market prices and drive price hikes in the 411 00:23:23,400 --> 00:23:25,840 Speaker 1: United States. All what I'm giving you right now is 412 00:23:25,880 --> 00:23:27,919 Speaker 1: coming directly from the White House, and want to make 413 00:23:27,960 --> 00:23:32,119 Speaker 1: that very clear. Number Two, the order instructs the Administration 414 00:23:32,520 --> 00:23:38,360 Speaker 1: to communicate price targets to pharmaceutical manufacturers to establish that America, 415 00:23:38,840 --> 00:23:43,440 Speaker 1: the largest purchaser and funder of prescription drugs in the world. 416 00:23:43,160 --> 00:23:44,720 Speaker 2: Gets the best price. 417 00:23:45,400 --> 00:23:48,359 Speaker 1: The Secretary of Health and Human Services is going to 418 00:23:48,520 --> 00:23:52,680 Speaker 1: establish a mechanism through which American patients can buy their 419 00:23:52,720 --> 00:23:57,239 Speaker 1: drugs directly from manufacturers who sell to Americans at a 420 00:23:57,400 --> 00:24:04,160 Speaker 1: quote most favored nation price, bypassing the middlemen, and finally 421 00:24:04,200 --> 00:24:07,840 Speaker 1: for the White House. If drug manufacturers fail to offer 422 00:24:07,960 --> 00:24:11,960 Speaker 1: most favored nation pricing, the order directs the Secretary of 423 00:24:11,960 --> 00:24:15,719 Speaker 1: Health and Human Services to one propose rules and impose 424 00:24:15,840 --> 00:24:20,520 Speaker 1: most favored nation pricing, and two take other aggressive measures 425 00:24:20,560 --> 00:24:25,000 Speaker 1: to significantly reduce the costs of prescription drugs the American consumer, 426 00:24:25,840 --> 00:24:31,800 Speaker 1: and most importantly, in anti competitive practices. Why because the 427 00:24:31,800 --> 00:24:34,080 Speaker 1: White House says it's about getting a better deal for 428 00:24:34,280 --> 00:24:38,440 Speaker 1: Americans and President Trump once again taking action to keep 429 00:24:38,440 --> 00:24:44,439 Speaker 1: pharmaceutical manufacturers from charging Americans high drug prices while giving 430 00:24:44,440 --> 00:24:47,240 Speaker 1: steep discounts to other wealthy nations. 431 00:24:47,760 --> 00:24:48,879 Speaker 2: That is something that. 432 00:24:48,760 --> 00:24:51,480 Speaker 1: Doctor Oz talked about the White House with the President 433 00:24:51,520 --> 00:24:54,000 Speaker 1: by his side, and here is what he said. 434 00:24:54,200 --> 00:24:58,040 Speaker 9: That means that we are paying in America four times 435 00:24:58,040 --> 00:25:01,399 Speaker 9: more than that drug costs other countries. Again, one hundred 436 00:25:01,400 --> 00:25:04,000 Speaker 9: percents the baseline's two hundred and eighty nine percent. Above 437 00:25:04,040 --> 00:25:06,320 Speaker 9: that baseline, it goes all the way down to where 438 00:25:06,320 --> 00:25:08,720 Speaker 9: we're paying fifty percent more than any other country. That's 439 00:25:08,720 --> 00:25:12,240 Speaker 9: the range, as was pointed out by President Trump. Half 440 00:25:12,280 --> 00:25:14,480 Speaker 9: the time, we're paying three times more than it's paid 441 00:25:14,520 --> 00:25:16,960 Speaker 9: in other countries. It doesn't make any sense for the 442 00:25:17,000 --> 00:25:19,960 Speaker 9: system that stated President Trump is over and over again indicated, 443 00:25:20,200 --> 00:25:23,480 Speaker 9: and Secretary Kennedy has reflected as well. We want innovation, 444 00:25:23,880 --> 00:25:26,960 Speaker 9: We want our technology partners doing the best they can 445 00:25:27,040 --> 00:25:29,399 Speaker 9: to make the best solutions for drugs to secure as 446 00:25:29,440 --> 00:25:32,040 Speaker 9: many people in America and around the world as possible. 447 00:25:32,240 --> 00:25:35,520 Speaker 9: By getting our allies to pay a bit more as 448 00:25:35,560 --> 00:25:37,600 Speaker 9: they should be and they should have for many years 449 00:25:37,640 --> 00:25:40,600 Speaker 9: been doing, will course correct a problem that's gotten out 450 00:25:40,600 --> 00:25:43,320 Speaker 9: of hand. And by doing that in a thoughtful, effective way, 451 00:25:43,520 --> 00:25:45,920 Speaker 9: we're going to be able to get the pharmaceutical industry hole. 452 00:25:46,240 --> 00:25:48,280 Speaker 9: Those jobs will still be here, will still be productive, 453 00:25:48,320 --> 00:25:50,320 Speaker 9: will still be curing cancer and a slew of other 454 00:25:50,359 --> 00:25:53,760 Speaker 9: ailments that plague humanity. America will still be the leader 455 00:25:54,000 --> 00:25:56,800 Speaker 9: in this space. But we're paying the appropriate amount, the 456 00:25:56,880 --> 00:25:58,800 Speaker 9: right sized amount for those tasks. 457 00:25:59,359 --> 00:26:02,359 Speaker 1: Now you may ask yourself this question, why is the 458 00:26:02,400 --> 00:26:06,119 Speaker 1: president doing this? Well, it's all in the numbers. The 459 00:26:06,280 --> 00:26:10,840 Speaker 1: United States has less than five percent of the world's population, 460 00:26:11,560 --> 00:26:16,679 Speaker 1: yet funds roughly seventy five percent of global pharmaceutical profits. 461 00:26:17,240 --> 00:26:18,879 Speaker 2: Here's the other thing you may not know. 462 00:26:19,520 --> 00:26:24,560 Speaker 1: Drug manufacturers discount their products to gain access to foreign markets, 463 00:26:24,920 --> 00:26:29,560 Speaker 1: and then subsidize those discounts through high prices charged in America. 464 00:26:29,840 --> 00:26:31,400 Speaker 2: In essence, you. 465 00:26:31,680 --> 00:26:35,960 Speaker 1: Are subsidizing drug manufacturer profits and foreign health systems are 466 00:26:36,040 --> 00:26:41,080 Speaker 1: getting the big deal, despite drug manufacturers benefiting from generous 467 00:26:41,119 --> 00:26:46,000 Speaker 1: research subsidies and enormous healthcare spending by the US government. 468 00:26:46,520 --> 00:26:48,679 Speaker 1: Now on his first term, you may not know this, 469 00:26:48,800 --> 00:26:52,680 Speaker 1: but President Trump took historic action to keep Medicare and 470 00:26:52,760 --> 00:26:57,760 Speaker 1: seniors from paying more for drugs than economically comparable countries, 471 00:26:58,200 --> 00:27:03,720 Speaker 1: which the Biden administration rescinded before it could even take effect. 472 00:27:03,880 --> 00:27:07,760 Speaker 1: Why because they're owned by Big Pharma. Instead of fixing 473 00:27:07,800 --> 00:27:13,560 Speaker 1: this problem, the Biden administration's greatest achievement was to negotiate 474 00:27:13,680 --> 00:27:19,200 Speaker 1: prices that were on average seventy eight percent higher than 475 00:27:19,240 --> 00:27:23,040 Speaker 1: an eleven comparable countries as part of Biden's efforts to 476 00:27:23,200 --> 00:27:29,680 Speaker 1: quote beat medicare in translation, the Democratic Party sold you out, 477 00:27:29,800 --> 00:27:34,280 Speaker 1: the Americans who are suffering and desperately need pharmaceutical drugs, 478 00:27:34,680 --> 00:27:37,439 Speaker 1: and they sold you out to the highest bidder, the 479 00:27:37,560 --> 00:27:41,160 Speaker 1: lobbyists and the companies that came in and said this 480 00:27:41,240 --> 00:27:45,159 Speaker 1: is what we need. The President making it clear this 481 00:27:45,240 --> 00:27:47,560 Speaker 1: is never going to happen again in the US and 482 00:27:47,640 --> 00:27:50,040 Speaker 1: as long as he is present, he is going to 483 00:27:50,160 --> 00:27:54,240 Speaker 1: fight for innovation, fight for technology, and make sure that 484 00:27:54,320 --> 00:27:58,080 Speaker 1: you are paying less than any other major nation in 485 00:27:58,160 --> 00:28:01,320 Speaker 1: the world. Make sure you share this podcast with your 486 00:28:01,320 --> 00:28:03,880 Speaker 1: family and friends, put it up on social media wherever 487 00:28:03,960 --> 00:28:06,760 Speaker 1: you are, and we appreciate you listening every day. 488 00:28:06,840 --> 00:28:08,280 Speaker 2: We'll see you back here tomorrow.