President Trump Announces Major Domestic and Foreign Policy Achievements
U.S. President Donald Trump announced a series of significant domestic and foreign policy achievements during a press conference at the White House this morning (5/12). From successfully facilitating a ceasefire between India and Pakistan, compelling China to reduce its fentanyl exports, to implementing the most aggressive executive order on prescription drug prices in history. He concluded by stating, “The United States has attracted over $10 trillion in investments in just two months, something others have not achieved in eight years.” He reiterated his superior accomplishments.
Trump Claims India-Pakistan Ceasefire, Houthi Forces No Longer Attacking U.S. Ships
Trump opened by claiming:
The United States successfully mediated the India-Pakistan conflict, enticing both sides to reach a ceasefire agreement through trade incentives. The Houthi forces in Yemen have also pledged not to attack U.S. vessels.
Left: Scene from the India-Pakistan conflict, Right: Houthi airstrikes on Israel
U.S. and China Restart Trade Agreement and Delay Tariffs for 90 Days, Opening Market to U.S. Companies
Trump announced that a phased consensus was reached during talks with Chinese representatives in Geneva, Switzerland, stating:
- The U.S. and China will temporarily lower tariffs imposed after April 2 to 10% for a period of 90 days.
- This does not include the previously high tariffs on steel, automobiles, and pharmaceuticals.
- China agreed to fully open its market to U.S. companies.
- China also agreed to remove indirect import restrictions such as import quotas, administrative reviews, and licensing systems.
Trump Signs Key Executive Order on Drug Prices, Reducing Costs by 30% to 90%
Trump declared today the most critical day in American healthcare history, formally signing the “Most Favored Nation Pricing” executive order, which mandates that future drug prices for Americans cannot exceed those of other developed countries (such as the UK, France, Germany, Sweden, and Japan). He provided examples:
- A breast cancer drug costs $16,000 in the U.S., while it is only one-sixth the price in Australia and one-tenth the price in Sweden.
- An asthma medication costs $500 in the U.S., but only $40 in the UK.
- The weight loss drug Ozempic is priced ten times higher in the U.S. than in other countries.
Trump criticized: “We only have 4% of the population, yet we account for two-thirds of the profits of global pharmaceutical companies.” He stated that this policy could reduce drug prices by 30% to 90%.
Trump Demands More Payments from the EU, Less Exploitation of the U.S.
Trump emphasized that this is not price control, but rather “global pharmaceutical price equity.” He believes that countries like the EU force pharmaceutical companies to undersell their products, leaving the U.S. to make up the difference. If these countries do not raise their drug prices, the U.S. will respond with trade sanctions, potentially imposing additional tariffs.
He warned: “This game is over. If you don’t adjust drug prices, don’t expect to sell cars in the U.S.”
U.S. Healthcare Spending Will Decrease Dramatically, Trump Criticizes Previous Administration for Protecting Pharmaceutical Companies
Trump stated that this policy will significantly reduce prescription drug costs and healthcare spending since prescription drugs account for 50-60% of healthcare costs. He also mentioned that this provides an opportunity for Republicans to design a new system that is better and cheaper than Obamacare.
Health Secretary Robert F. Kennedy Jr. and renowned doctor Dr. Oz were also present, endorsing Trump as the first president to truly confront pharmaceutical companies.
Trump to Visit the Middle East, Facilitate Russia-Ukraine Talks, and Consider Lifting Sanctions on Syria
Trump plans to embark on a trip to Saudi Arabia, Qatar, and the UAE, insisting on successfully conducting Russia-Ukraine talks, and he may personally fly to Turkey to participate.
He also hinted at the possibility of lifting sanctions on Syria, hoping to give them a chance for a fresh start.
Final Emphasis on $10 Trillion Investment, U.S. Companies Returning, America Will Become Stronger
Trump reiterated that the new administration has attracted over $10 trillion in investments in just two months, something others have not achieved in eight years. He confidently stated that with lower drug prices, American taxes will also decrease, making the U.S. economy more competitive.
(Trump and Mike Pence announced the finalization of the U.S.-UK trade agreement, opening full cooperation in beef, aluminum, steel, aerospace, and semiconductors.)
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