Trump orders a major cut in drug prices by 30% to 90%! The US and China agree to a 90-day tariff buffer, fully committed to facilitating peace talks between Ukraine and Russia.

U.S. President Donald Trump announced a series of significant domestic and foreign policy achievements at a White House press conference this morning on 5/12/2019. From successfully facilitating a ceasefire between India and Pakistan, forcing China to drop fentanyl exports, to introducing the most aggressive executive order on prescription drug prices in history. He concluded by stating, "The U.S. has attracted over $10 trillion in investment in the past two months, something others haven't achieved in 8 years." He emphasized his superior achievements once again.

Trump claims India-Pakistan ceasefire, Houthis no longer attack U.S. ships

Trump opened by declaring:

The United States successfully mediated the India-Pakistan conflict, enticing both sides to reach a ceasefire agreement through trade incentives.

The Houthi armed group in Yemen has also pledged not to attack American vessels.

On the left is a scene of the India-Pakistan conflict, and on the right is the Houthis airstrike in Yemen against Israel. The US and China have restarted trade negotiations and postponed tariffs for 90 days, allowing US companies to enter China.

Trump announced that a phased consensus was reached during talks with Chinese representatives in Geneva, Switzerland, and further stated:

Both China and the United States will temporarily drop the tariffs imposed after April 2 to 10% for a period of 90 days.

but does not include the high tariffs originally imposed by the United States on steel, automobiles, and pharmaceuticals.

China agrees to fully open the market to American companies.

China agrees to remove indirect import restrictions, such as import quotas, administrative reviews, and licensing systems.

Trump signed a key executive order on drug prices, allowing drug prices to drop 30% to 90%.

Trump stated that today is the most critical day in American healthcare history and officially signed the "Most Favored Nation Pricing" executive order, requiring that in the future, the prices of drugs purchased by Americans cannot be higher than those in other advanced countries such as the UK, France, Germany, Sweden, and Japan. He gave an example:

A breast cancer drug costs $16,000 in the United States, but only one-sixth of that in Australia, and just one-tenth in Sweden.

An asthma medication costs $500 in the United States but only $40 in the United Kingdom.

The weight loss injection Ozempic is 10 times more expensive in the United States than in other countries.

Trump criticized: "We only have 4% of the population, yet we generate two-thirds of the profits for global pharmaceutical companies." He stated that this policy could reduce drug prices by 30% to 90%.

The EU needs to spend more money, and pharmaceutical companies should exploit the U.S. less.

Trump stated that this is not price control, but rather "global pharmaceutical price equity." He believes that countries such as the EU are forcing drug manufacturers to sell at low prices, which is why the United States is compelled to make up the difference. In the future, if these countries do not raise drug prices, the United States will respond with trade sanctions, and may even impose additional tariffs.

He declared: "This game is over. If you don't adjust the drug prices, don't think about selling cars to the United States."

US healthcare spending will drop significantly, and Trump criticizes the previous administration for only protecting drug companies with empty talk.

Trump stated that this policy will significantly drop the costs of prescription drug cards and healthcare spending, as prescription drugs account for 50-60% of healthcare expenditures. He also mentioned that this gives the Republican Party the opportunity to design a new system that is better and cheaper than Obamacare.

Health Minister Robert F. Kennedy Jr. ( Robert F. Kennedy Jr. ) and renowned doctor Dr. Oz were also present to endorse, emphasizing that Trump is the first president who truly dares to stand up against the pharmaceutical companies.

Trump will visit the Middle East, promote peace talks between Ukraine and Russia, and even consider lifting sanctions on Syria.

Trump is about to embark on a trip to Saudi Arabia, Qatar, and the UAE, and insists that this time he will definitely hold talks between Russia and Ukraine, and he might personally fly to Turkey to participate.

He also revealed that sanctions on Syria may be lifted and hopes to give them a chance to start over.

Finally, emphasizing the $10 trillion investment and the return of American businesses, the United States will become stronger.

Trump also reiterated at the end that the new government attracted over 10 trillion dollars in investment in just two months, something others couldn't achieve in 8 years.

He confidently stated that after the drug prices drop, Americans' taxes will also decrease, and the US economy will become more competitive.

( Trump and Skelton announced the finalization of the UK-US trade agreement, opening full cooperation in beef, aluminum and steel, aerospace, and semiconductors )

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