"What we've done is we paid the highest price for drugs anywhere in the world, and now we pay the lowest price for drugs anywhere in the world. We are tied for the lowest price. Whoever has the lowest price, that's what we pay. And I did that through tariffs."
"I have lots of other ways of doing the same thing. I just have to work a little harder. They want me to work harder. Among his other tactics, Trump noted his success in convincing French President Emmanuel Macron and other world leaders to pay more for prescription drugs so that Americans could have access to those drugs at fairer prices."
"I said, Emmanuel, you have to cut your good friends from America a reasonable deal. What's happening is you are paying a tiny fraction for drugs. Trump claimed he threatened to raise countries' tariffs by 150 or 200 percent if they would not agree to raise their drug prices."
Trump addressed congressional Republicans at his Doral golf club, highlighting his pharmaceutical pricing achievements. He stated the U.S. previously paid the highest drug prices worldwide but now pays the lowest through Most-Favored-Nation deals with over a dozen pharmaceutical companies. Trump credited tariffs as his mechanism, though the Supreme Court invalidated these tariffs in a 6-3 decision on February 20. Despite this setback, Trump assured lawmakers he possesses alternative methods to achieve identical results. He described negotiations with French President Macron and other world leaders, pressuring them to raise their drug prices so Americans could access medications at reduced costs. Trump indicated he threatened tariff increases of 150-200 percent against non-compliant countries.
Read at www.mediaite.com
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