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NewsTranscript
00:00:00Thank you very much. Thank you everybody. It's a big day. It should be fun. I don't know.
00:00:07You'll maybe find reasons why it's not. But I can't imagine because we have a lot of great
00:00:13things happening. It's been a very strong week and a very strong weekend. Before we begin,
00:00:20let me say a few words about the historic events that took place over the last few days.
00:00:25On Saturday, my administration helped broker a full and immediate ceasefire. I think a permanent one
00:00:33between India and Pakistan, ending a dangerous conflict of two nations with lots of nuclear
00:00:40weapons. And they were going at it hot and heavy, and it was seemingly not going to stop. And
00:00:48I'm very proud to let you know that the leadership of India and Pakistan was unwavering, powerful,
00:00:58but unwavering in both cases and having these. They really were from the standpoint of having the
00:01:04strength and the wisdom and fortitude to fully know and to understand the gravity of the situation. And
00:01:11we helped a lot. And we helped also with trade. I said, come on, we're going to do a lot of trade
00:01:18with you guys. Let's stop it. Let's stop it. If you stop it, we're doing trade. If you don't stop it,
00:01:25we're not going to do any trade. People have never really used trade the way I used it,
00:01:30that I can tell you. And all of a sudden they said, I think we're going to stop.
00:01:33And they have. And then they did it for a lot of reasons. But trade is a big one. We're going to
00:01:40do a lot of trade with Pakistan. We're going to do a lot of trade with India. We're negotiating
00:01:45with India right now. We're going to be soon negotiating with Pakistan. And we stopped the
00:01:50nuclear conflict. I think it would have it could have been a bad nuclear war. Millions of people
00:01:55could have been killed. So I'm very proud of that. I also want to thank Vice President Vance and
00:02:00Secretary of State Rubio for their work and efforts. They worked very hard on that.
00:02:07We also, as you know, created a situation where the Houthis, for the first time ever, have
00:02:16ceased firing. And they've let it be known that they're not going to be firing at American ships
00:02:22anymore. Not going to be firing at Americans anymore. This was a heavy barrage that lasted for
00:02:30approximately 50 days. And as you know, they've been in war essentially for forever.
00:02:38But over the last 10 years, they've been very difficult for other countries. Nobody was able to
00:02:45do what we did. But they stopped and we take their word for it. They, their surrogates and them
00:02:51directly said, we don't want to do this anymore. And so we were satisfied with that.
00:02:59In addition, yesterday, we achieved a total reset with China after productive talks in Geneva.
00:03:07Both sides now agreed to reduce the tariffs imposed after April 2nd to 10 percent for 90 days as
00:03:15negotiators continue in the larger structural issues. And I want to tell you that a couple of things.
00:03:23First of all, that doesn't include the tariffs that are already on that are our tariffs. And it doesn't
00:03:28include tariffs on cars, steel, aluminum, things such as that, or tariffs that may be imposed on
00:03:36pharmaceuticals because we want to bring the pharmaceutical businesses back to the United States.
00:03:41And they're already starting to come back now based on tariffs because they don't want to pay 25, 50,
00:03:47or 100 percent tariffs. So they're moving them back to the United States. I spoke to Tim Cook this
00:03:52morning and he's going to, I think, even up his, his numbers, 500 billion dollars. He's going to
00:04:01be building a lot of plants in the United States for Apple. And we look forward to that. I really do look
00:04:07forward to that. But the talks in Geneva were very friendly. The relationship is very good.
00:04:16We're not looking to hurt China. China was being hurt very badly. They were closing up factories.
00:04:21They were having a lot of unrest. And they were very happy to be able to do something with us.
00:04:28And the relationship is very, very good. I'll speak to President Xi maybe at the end of the week.
00:04:33We have some other things we're doing. But one of the biggest things that we're doing,
00:04:40and I don't know if people realize this, but we made a great deal with China, a great trade deal.
00:04:47But it was a much bigger deal originally. And then they canceled it right in the last day.
00:04:53Some of you faces, I remember, were there when that happened. I remember you.
00:04:57And we had a deal where they opened up their country to trade with the United States.
00:05:03And they took that away at the last moment. And then I canceled the whole thing. And then six
00:05:06months later, we ended up doing a smaller deal. But it was a big deal. It was 50 billion dollars
00:05:10worth of product that they were going to purchase from our farmers, et cetera.
00:05:15And we agreed to that. People thought it was 15 because they were doing 15. We've made it 50 because
00:05:20I misunderstood the 15. I thought they said, I said, you got to get 50. Because when I asked,
00:05:26if you remember the story, when I asked, what are we doing with them? My secretary of agriculture
00:05:32at the time, Sonny Perdue, said, sir, it's about 15 billion and we're asking for 15. And I thought he
00:05:39said 50. So I said, so they came back with the deal at 15. And I said, no way, I want 50 because you said 50.
00:05:47They said, sir, we didn't say that anyway. Bottom line, I said, go back and ask for 50. And they gave
00:05:51us 50. And they were honoring the deal. And we would call them up a lot for the corn and for the
00:05:57wheat and for everything. They were honoring the deal. And then when Biden got in, they no longer
00:06:05honored the deal. There was nobody to call. I would call on an average of once every two weeks to say,
00:06:10come on, you have to speed it up a little bit. And our farmers were doing great. I said to them,
00:06:16buy more land and bigger tractors, if you remember. That's what happened. But the deal was a very good
00:06:22deal. But the best part of the deal was that we opened up China. China agreed to open itself up to
00:06:31American business to go in. And it would have been a great thing, I think, for China.
00:06:36They would be able to see things that they haven't seen. They would be able to buy products that they
00:06:41had never been able to buy. Would have been great for American business. I think it would have brought
00:06:46unity between China, better unity between China and the United States. And the bottom line is that
00:06:54they canceled it the last day. We were all set to sign it. And I went a little bit angry. I get a
00:06:59little angry. I said, they canceled it. The deal was done. It was all ready to be signed. And people went
00:07:06over. They came back to me, sir. They don't want to sign the opening up China. Well, the biggest thing
00:07:12that we're discussing is the opening up China. And they've agreed to do that. But it's going to take
00:07:16a while to paper it. You know, that's not the easiest thing to paper. But that's the single,
00:07:23I think, to me, some people would disagree. Some people would say we're getting a lot of money with
00:07:27tariffs or whatever. But, you know, especially when you add what we already have. Because remember,
00:07:31we're already getting the 50 percent on steel and different things. That's not included in these
00:07:38numbers. So you can add that. But the biggest thing to me is the opening up. I think it would
00:07:43be fantastic for our businesses if we could go in and compete and compete with China. It would be a lot
00:07:50of jobs for China. It would be, I think, at a time when they can, frankly, use the jobs. And that's what
00:07:56we're talking about. So that's a very, very important element to add. So when Scott,
00:08:04I watched him speak the other day. And I think he didn't want to say it. But I said,
00:08:09it's OK to say it. Look, if we don't get it, we don't get it. But if we don't get it,
00:08:12it won't be a positive thing. But if we do get it, I think it's maybe the most important thing to happen.
00:08:19Because if you think about it, we opened up our country to China. They come. We don't have very few
00:08:24restrictions. And they didn't open their country to us. Never made sense to me. It's not fair.
00:08:30And they've agreed to open China, fully open China. And I think it's going to be fantastic for China.
00:08:37I think it's going to be fantastic for us. And I think it's going to be great for unification and peace.
00:08:44China will also suspend and remove all of its non-monetary barriers. They've agreed to do that.
00:08:49But, well, they're very numerous. But again, to me, the biggest thing that came out of that
00:08:57meeting is they've agreed. Now we have to get it papered. But they've agreed to open up China.
00:09:01It's going to be great for everybody. And third, I'm very happy to announce that
00:09:08Edan Alexander, an American citizen who, until recently, most thought was no longer living,
00:09:15thought was dead, is going to be released in about two hours, actually. And he's going to be
00:09:25released before the eyes of Steve Whitcoff, who has done a fantastic job. I just, you know,
00:09:32I know a lot of people that have a lot of talent. I know Steve had a lot of talent. But I know a lot of
00:09:37people with a lot of talent. But I had, there's one that I thought had a special way about him,
00:09:42special personality. Aside from being a good deal maker. I had a special way about him. And it was
00:09:49Steve. Knew very little about the subject matter. Who does? But he learned it in about two hours.
00:09:56And he's been fantastic. So I want to just thank Steve. But they're going to be releasing
00:10:02Edan in about two hours from now or sometime today, let's say. And again, they thought he was dead
00:10:12just a short while ago. His parents are so happy. They're so happy. So it's, as you know, Edan's the
00:10:21only American citizen captured and held hostage by Hamas since October 7th, 2023. And he's coming
00:10:32home to his parents, which is really great news. I mean, to me, it's big news. They thought he was dead.
00:10:39So that's that. So we'll be heading there. And we'll be seeing three primary countries. You know all
00:10:50about that. Saudi Arabia, UAE, Qatar. On Thursday's meeting with Russia and Ukraine is very important.
00:11:00I was, I was very insisted that that meeting take place. I think good things can come out of that
00:11:05meeting. Stopped the bloodshed of the horrible. It's a bloodbath. But 5,000 more. It's really much
00:11:16more trying to be conservative. More than 5,000 soldiers. Russian. They're not American soldiers.
00:11:21They're from Russia. They're from Ukraine. But they're people. They're human souls. And they're
00:11:25being killed at levels that we haven't seen since the Second World War. And it's every week. A lot of
00:11:32drone fighting. It's a whole new form of warfare. And it's violent and vicious. And so that's it.
00:11:41I'd like to go back to China just for a second. They're very heavy on the fentanyl. We're charging
00:11:47them, as you know, 20 percent for the fact that they send fentanyl into our country. And they've agreed
00:11:53that they're going to stop that. And, you know, they'll be rewarded by not having to pay, you know,
00:12:00hundreds of billions of dollars in tariffs. So the fentanyl should stop. It comes from China. It's
00:12:07amazing. And it comes through our southern border. It comes through our northern border,
00:12:11too. It comes through Canada. And it comes through our southern border. More through,
00:12:15much more through the southern border. But so that's a very important subject to me.
00:12:22Because I've everybody in this room has lost friends or people that have family members that
00:12:28have died of fentanyl. So there's a big incentive for China to stop. And I take them at their word.
00:12:34They're going to work on that, I think, very hard. And one thing when they work on something,
00:12:38they get it done. So now I'm about to depart on a historic visit. Some of you are going with us
00:12:44to, as I said, Saudi Arabia, Qatar, and United Arab Emirates. Before I do, I'll sign one of the most
00:12:52consequential executive orders in our country's history. I don't think there's ever been anything
00:12:56signed like this. Certainly not with respect to health care, nothing even close. I'm delighted
00:13:02to be joined on this occasion by Secretary of Health and Human Services Robert F. Kennedy Jr.,
00:13:08who is doing a really good job. I have to tell you that. A CMS administrator, a friend of mine, Dr. Mehmet Oz,
00:13:16who is an amazing guy. You know, I was telling Bobby before, Oz had a very successful show,
00:13:25but it hurt his reputation. Because when you're in show business, it hurts your reputation a little bit.
00:13:30It's good for you. It's good for you. But in terms of professionalism and being a doctor,
00:13:34it sort of hurts your reputation. This guy went to the best schools, was the best, I mean,
00:13:40top, top, top of the line. Then he did a television show. It became a success.
00:13:45Made a lot of money, all that stuff, but it sort of hurt him. And you know who I compare that to?
00:13:50I hate to say this, but a special woman, Jeanine Pirro. She was the toughest, smartest DA, maybe
00:13:57in our countries, in our cities and states, history, New York. She was really tough, really sharp.
00:14:05Then she did a show. Then people didn't think of her quite the same way. She became more of an
00:14:11entertainment person, like Oz. Oz is not an entertainer. He's not really an entertainer.
00:14:16You know the real story. And she isn't either. She is unbelievable. She was
00:14:20one of the strongest district attorneys in the history of New York. Highly respected. Very tough.
00:14:28Went after the drug dealers at a level that you don't see today anymore. And hopefully she's going
00:14:35to be, she's given up a tremendous, she's leaving the number one show on cable television. One of the
00:14:40number one shows on television, period. The five. But they've got great people left behind. But she was a big
00:14:46part of it. And so I equate it to that. Jeanine Pirro is unbelievable. FDA commissioner, Dr. Marty
00:14:54McCary, with a reputation that's second to none and the job he's doing already has been fantastic.
00:15:00Thank you, Marty. And director of National Institute of Health, Jay Bhattacharya, who has been,
00:15:08as you know, from Stanford, so highly regarded and have all been working with us very hard on this.
00:15:14And the question they would ask, being a little bit new to the government aspect of it, is why
00:15:19hasn't, why doesn't somebody fight the drug price situation, meaning equalization? There's a term.
00:15:25It's called equalization. Nobody wants to mention that term. And I'm not knocking the drug companies.
00:15:31I'm really more knocking the countries than the drug companies because they're forced to do things.
00:15:38But the drug lobby is the strongest lobby in this country, they say, the drug lobby. It's between
00:15:45that and lawyers. And they have a lot of power. But starting today, the United States will no longer
00:15:52subsidize the health care of foreign countries, which is what we were doing. We're subsidizing
00:15:57others' health care. Countries where they paid a small fraction of what, for the same drug,
00:16:03that what we pay many, many times more for, and will no longer tolerate profiteering and price gouging
00:16:11from big pharma. But again, it was really the countries that forced big pharma
00:16:17to do things that, frankly, I'm not sure they really felt comfortable doing. But they've gotten
00:16:22away with it, these countries. European Union has been brutal, brutal. And the drug companies actually
00:16:28told me stories. It was just brutal how they forced them. And European Union is suing all our companies,
00:16:35Apple, Google, Meta. They're suing all our companies. They end up, they have judges that are
00:16:45European Union centric. And they get rewarded 15 billion, 17 billion, 20 billion. And they use that to run
00:16:55their operation. It's not going to happen any longer, that I can tell you. So what's been happening
00:17:03is we've been subsidizing other countries throughout the world, not just in Europe,
00:17:07throughout the world. European Union was the most difficult, from what I understand.
00:17:12I mean, I'll tell you a story. A friend of mine who's a business man, very, very, very top guy. Most of
00:17:19you would have heard of him. Highly neurotic, brilliant businessman, seriously overweight.
00:17:26And he takes the fat, the fat shot drug. And he called me up. And he said,
00:17:35President, he calls me, he used to call me Donald. Now he calls me president. So that's nice respect.
00:17:39But he's a rough guy, smart guy. Very successful, very rich. I wouldn't even know how we would know
00:17:45this. But because he's got comments. President, could I ask you a question? What? I'm in London.
00:17:51And I just paid for this damn fat drug I take. I said, it's not working. He said, he said,
00:18:00I just paid $88. And in New York, I pay $1,300. What the hell is going on? He said, so I checked.
00:18:09And it's the same box made in the same plant by the same company. It's the identical pill
00:18:17that I buy in New York. And here I'm paying $88 in London. In New York, I'm paying $1,300. Now,
00:18:26this is a great businessman. But he's not familiar with this crazy situation that we have. But he was
00:18:33stunned. But it was just one of those stories. And I brought it up with the drug companies,
00:18:39represented by somebody who's very, very smart. Good person, too. And we argued about it for about
00:18:45half hour. And then finally, he just said, because they can't justify it. He just said, look,
00:18:52you got me. You got me. I can no longer just they've been they've been justifying this crap for years.
00:18:58They said, oh, it's research and development. Well, I said, well, research and development,
00:19:02other countries should pay research and development, too. It's for their benefit.
00:19:06It was just one of those things. And the other countries would set a price and they'd meet the
00:19:11price. And they'd say, if you don't meet the price, you can't sell it in our country.
00:19:16I said, well, then you walk away and, you know, they'll call you back and they'll sell it in the
00:19:20country. But now they'll have to do that. So for the first time in many years, we'll slash the cost of
00:19:25prescription drugs. And we will bring fairness to America. Drug prices will come down
00:19:29down by much more, really, if you think 59. If you if you think of a drug that is sometimes 10
00:19:38times more expensive, it's much more than the 59 percent. You know, it depends on the way you want
00:19:43to analyze it. But in one way, you could analyze it that way. But between 59 and 80 and I guess even 90
00:19:49percent. So when I worked so hard in the first term and if I got prices down, remember, I was the only one
00:19:57to ever get prices down for a full year, but I'd get them down like 2 percent. And I thought it was
00:20:02like a big deal. Well, we're getting them down 60, 70, 80, 90 percent. But actually more than that,
00:20:10if you think about it in the way mathematically. And a farmer has to say, we're sorry, but
00:20:18we'll not be able to do this any longer to these companies to these countries that have been so tough.
00:20:24They've been very tough, nasty. It's trade. It's trade. And pharma is also very powerful.
00:20:32And the Democrats have protected pharma. The Democrats, this is the Democrats have protected
00:20:36pharma. These are the Democrats. And by the way, I just called the Speaker of the House. And I just called
00:20:45the leader, our leader in the Senate, John Thune, Mike Johnson, spoke to both of them. I said,
00:20:53when you score, you're going to have to score two things. You're going to have to number one score
00:20:56that hundreds of billions of dollars of tariff money is coming in. But even bigger than that,
00:21:03you're going to have to score that your your cost for Medicaid and Medicare and just basically
00:21:09pharmaceuticals and drugs is going down at a level that nobody has ever seen before. It'll pay for the
00:21:16Golden Dome. I see the Golden Dome is there. See that'll easily pay for the Golden Dome.
00:21:22And we'll have a lot of money left over. We need the Golden Dome, by the way, in this world.
00:21:28Although this world is a lot safer today than it was a week ago and a lot safer than it was six months
00:21:34ago. We had people that had no clue what they were doing. So today, Americans spend 70 percent more for
00:21:42prescription drugs than we spent in the year 2000. Think of that. Our country has the highest drug
00:21:48prices anywhere in the world by sometimes a factor of five, six, seven, eight times.
00:21:54It's not like they're slightly higher, that six, seven, eight times or even cases of 10 times higher.
00:22:01So that you go 10 times more expensive for the same drug, that's big numbers.
00:22:06Even though the United States is home to only four percent of the world's population,
00:22:12pharmaceutical companies make more than two thirds of their profits in America. So think of that.
00:22:16With four percent of the population, the pharmaceutical companies make most of their money,
00:22:22most of their profits from America. That's not a good thing.
00:22:27Now, I think, by the way, pharmaceutical, I have great respect for these companies and for the people
00:22:32that run them. I really do. And I think they did one of the greatest jobs in history for their company,
00:22:38convincing people for many years that this was a fair system.
00:22:42Never nobody really understood why, but I figured it out. For years, pharmaceutical and drug companies have
00:22:50said that research and development costs were what they are. And for no reason whatsoever,
00:22:57they had to be born by America alone. Not anymore, they don't.
00:23:03This means American patients were effectively subsidizing socialist health care systems
00:23:09in Germany, in all parts of the European Union. They were the toughest of all. They were nasty.
00:23:17And I see that. I see that with trade too. European Union
00:23:21is in many ways nastier than China. Okay. And we've just started with them. Oh,
00:23:29they'll come down a lot. You watch. We have all the cards. They treated us very unfairly.
00:23:36They sell us 13 million cars. We sell them none. They sell us their agricultural products.
00:23:45We sell them virtually none. They don't take our products. That gives us all the cards
00:23:53and very unfair. So they're going to have to pay more for health care and we're going to have to
00:23:56pay less. That's all it is. And believe it or not, you know, because it's really the world
00:24:00we're talking about, not just the European Union. But because it's the world, the numbers are
00:24:07the numbers are for the health care company, not as bad as you would think. They'll make the same. I think the
00:24:11health care companies should make pretty much the same money. I really don't believe they're going
00:24:16to they should be affected very much because it's just a redistribution of wealth. It's a redistribution
00:24:23where it could be the same top line, but it's going to be distributed differently. Europe's going to
00:24:27have to pay a little bit more. The rest of the world's going to have to pay a little bit more and
00:24:32America is going to pay a lot less again because we it's a much smaller population than when you think
00:24:37of the whole world. So basically what we're doing is equalizing. There's a new word that I came up
00:24:45with, which I think is probably the best word. We're going to equalize. We're all going to pay the same.
00:24:50We're going to pay what Europe's going to pay. We're going to all pay. Now, there may be some
00:24:53countries in dire need, and I would be willing to sacrifice that and help them. But it's called most
00:25:02favorite nation. We are going to pay the lowest price there is in the world. We will get whoever
00:25:08is paying the lowest price. That's the price that we're going to get. So remember that. So we're no
00:25:14longer paying 10 times more than another country. Whoever is paying the lowest price, we will look
00:25:20at that price and we will say that's the price we're going to pay. Most favorite nations. That's what it
00:25:27is. One breast cancer drug costs Americans over $16,000 per bottle. But the same drug from the same
00:25:37factory manufactured by the same company is one sixth that price in Australia and one tenth that price
00:25:48in Sweden. One tenth for the identical product. A common asthma drug costs almost $500 here in America,
00:25:59but costs less than $40 in the United Kingdom. So $40 in the United Kingdom, which is where this
00:26:06gentleman told me he paid a small amount for his his shot. But think of that. So $40 versus $500 here.
00:26:17That's not even better. Much worse examples. And the weight loss drug. Ozempic cost 10 times more in
00:26:24the United States than in the rest of the developed world. 10 times more. Why? Why? What did we do?
00:26:32Suckers. But we never had a president that had the courage to do this. And nobody knew the system
00:26:39like I do. I mean, I've gotten to know this system so well. And I don't think it's fair that it
00:26:45benefits Obamacare. Obamacare is a failure. It's not a good it's not a good health care. It works. I
00:26:51made it work. I had an obligation to make it work or an obligation to let it die. I chose that we had
00:26:58to make it work. I had to make it as good as possible. And I had a choice. I could have let it fail
00:27:05or make it as good as possible. As good as possible means it was still not very good, but it was
00:27:11survived. And we did the right thing. But this makes it just makes everything work. And I don't want to
00:27:19have a bad form of health care work because of the fact I was able to cut drug prices by 80 or 90 percent.
00:27:26So we're going to maybe come up with something. I think this gives the Republicans a chance to
00:27:30actually do a health care that's much better than Obamacare and for less money, which if you guys would
00:27:35work on that along with Congress. But I do want to say that Democrats could have done this a long
00:27:42time ago. They have fought like hell for the drug companies and they knew they were doing the wrong
00:27:47thing. And it's going to be very hard. I was just telling the leader and the speaker that how to it's
00:27:54going to be very hard for the Democrats to vote against the one big beautiful deal. The greatest tax cuts
00:28:01in history, greatest everything. But now you have the big drug prices because that's going to be included.
00:28:07It makes that whole situation different from a scoring standpoint. I just told them I called them
00:28:14up about this. I said I'm going to do something that's going to be very monumental and you're going to
00:28:18be scoring. You better tell your people that this is going to score really well. And then add
00:28:24add hundreds of billions of dollars in tariffs to your list also. But as big as the tariffs are,
00:28:31this is something that really hits quickly. Five years ago, I signed an executive order to
00:28:37confront this disaster, but only confront it in a minor way. It was a good confrontation,
00:28:43but never to this extent. And took people a little while to understand a very complicated system.
00:28:50But Joe Biden, without any knowledge of what he was doing, terminated the policy
00:28:56and then pretended to negotiate under a new system. And then you take a look, five out of the 10 drugs
00:29:03that he negotiated are now over 200 percent more expensive in America than the rest of the world
00:29:10and far more expensive than when he even got involved. Much more expensive than when he got involved.
00:29:17Joe Biden's plan was, as you know, because you wrote about it, you don't say it very loudly,
00:29:22but it was a very big failure was his whole presidency. First, I'm directing the U.S. trade
00:29:27representatives and Department of Commerce to begin investigations into foreign nations that extort
00:29:33drug companies by blocking their products unless they accept bottom line and very low dollar amounts
00:29:40for their product unfairly shifting the cost burden onto American patients.
00:29:44And we'll be taking a look at that very strongly. The biggest thing we're going to do is we're going
00:29:50to tell those countries like those represented by the European Union that, you know, that game is up.
00:29:57Sorry. And if they want to get cute, then they don't have to sell cars into the United States anymore.
00:30:03It's a very big subject. And they won't get cute because I'll defend the drug companies from that
00:30:09standpoint. They were given a price by the European Union and other countries. This is what you do.
00:30:16This is what we're going to pay. We're not going to pay anymore. Let America pay the difference because
00:30:21it was a big shortfall. Let America pay it. And that's what we did. But we're not doing it anymore.
00:30:27Next, my administration will secure what we're calling most favored nations drug pricing. The principle
00:30:33is simple. Whatever the lowest price paid for a drug in other developed countries, that is the price that
00:30:38Americans will pay. And we're using the term other developed countries because there are some countries
00:30:43that need some additional help. And that's fine. I think that's very good. Some prescription drug and
00:30:50pharmaceutical prices will be reduced almost immediately by 50 to 80 to 90 percent. Big Pharma will either
00:30:58abide by this principle voluntarily or will use the power of the federal government to ensure that
00:31:04we are paying the same price as other countries. To accelerate these price restrictions and
00:31:11reductions, my administration will also cut out the middlemen. We're going to totally cut out the
00:31:16famous middlemen. Nobody knows who they are. Middlemen. I've been hearing the term for 25 years.
00:31:21Middlemen. I don't know who they are, but they're rich. That I can tell you. We're going to cut out the
00:31:27middlemen and facilitate the direct sale of drugs at the most favored nation price directly to the
00:31:32American citizen. So we're cutting out probably the middlemen. It's so important, right? They got to
00:31:38do that. They get they get they're worse than the drug companies. They don't even make a product and
00:31:43they make a fortune. It's very smart business people that I can tell you. If companies make no significant
00:31:50progress toward most favored nation pricing, which we will insist that they do. So I think I'm wasting
00:31:54time talking about it. We're going to insist upon it and we'll insist and we're going to help the drug
00:32:00companies with the other nations because those other nations do a lot of trading with us. They need
00:32:04our trade just like China needed us very badly. They need us just as badly. We will do whatever we have
00:32:12to with trade, just like we did some great things with trade with India and Pakistan. Really helped the
00:32:18situation. Very heated situation. Could have lost millions of people more than millions. I mean many
00:32:24millions of people. And they want to do business with America. But we never used our powers that way.
00:32:34We never knew how. We never had people that knew how to do that. We'll also open up America's market
00:32:39to safe and legal imports of affordable drugs from other countries, putting dramatic downward pressure on
00:32:45prices. And if necessary, we'll investigate the drug companies and we'll in particular investigate the
00:32:52countries that are doing this and we will add it on to the price that we charge them for doing business
00:33:01in America. In other words, we'll add it on to tariffs if they don't do what is right, which is
00:33:07everybody should equalize. Everybody should say pay the same price and special interests may not like this
00:33:13very much. But the American people will. I mean, I am doing this for the American people. I'm doing this
00:33:21against the most powerful lobby in the world, probably the drug lobby, drug and pharmaceutical lobby.
00:33:27But it's one of the most important orders I think that's ever been signed, certainly with regard to
00:33:32health care or health in the history of our country. And it's an honor to be a part of it. And I'd like to ask
00:33:37Robert F. Kennedy to say a few words, please. Thank you. Thank you, Mr. President.
00:33:47This is this is an extraordinary day. This is an issue that, you know, I grew up in the Democratic Party
00:33:53and every major Democratic leader for 20 years been making this promise to the American people. This was
00:34:00the fulcrum of Bernie Sanders runs for presidency that he was going to eliminate this discrepancy
00:34:07between Europe and the United States. But as it turns out, none of them were doing it. It's one of these promises
00:34:15that politicians make to their constituents knowing that they'll never have to do it. And the reason they'll never have to do it
00:34:22is because they know that Congress is controlled in so many ways by the pharmaceutical industry.
00:34:29there's at least one pharmaceutical lobbyist for every congressman, every senator on Capitol Hill and
00:34:34every member of the Supreme Court. I some estimates three pharmaceutical companies, the industry itself
00:34:41spends three times what what the next largest lobbyist spends on lobbying. So this was a this this was an
00:34:50issue that people talked about. Nobody wanted to do anything because it was radioactive. They knew you
00:34:57couldn't get it by Congress. We now have a president who is a man of his word, who has the courage.
00:35:06President Trump was taking money from the pharmaceutical industry, too. I think they gave
00:35:10you $100 million. But he can't be bought, unlike most of the politicians in this country. And he is
00:35:18standing here for the American people. I don't know what you know, there's there's writers like
00:35:23the Lord Elizabeth Warren or Robert Reich who are saying that President Trump is on this side of
00:35:29the oligarchs. There has never been a president more willing to stand up to the oligarchs than
00:35:37President Donald Trump. And I'm very, very proud of you, Mr. President, for your courage.
00:35:42I'll say because I don't want to be crude, your intestinal fortitude, your stiff spine,
00:35:51and your your willingness to stand up for the American people. We have 4.2 percent of the world's
00:35:58population. We rep our country represents 75 percent of the revenues for pharmaceutical companies.
00:36:07We spend in our country $1,126 per capita on drugs. In Britain, they spend about 240. They spend one
00:36:18fifth of what we do. And this is true across Europe. And this and the drug companies, Europeans,
00:36:26if you ask them, it made no sense what they're saying. America has to pay for this innovation or
00:36:31it's not going to happen. President Trump is saying to our European partners is you've got to raise the
00:36:38amount that you're paying for those drugs and pay for your share of the innovation that the United
00:36:44States is no longer subsidizing that. If the Europeans raise their at the price of their drugs by
00:36:50just 20 percent, that is 10 trillion dollars that can be spent on innovation. And the health of all
00:36:59people all across the globe is going to increase because we're going to have better products.
00:37:05So I am I'm just so grateful to be here today. I never thought that this would happen in my lifetime.
00:37:12I have a couple of kids who are Democrats or big Bernie Sanders fans. And when I told them that this was
00:37:20going to happen, they had tears in their eyes because they thought this is never going to happen in our
00:37:25lifetime. And we finally have a president who's willing to stand up for the American people.
00:37:30Thank you. And Dr. Oz.
00:37:36Thank you, Secretary Kennedy. This is the most powerful executive order on pharmacy pricing and
00:37:43health care ever in the history of our nation. And it's only happening because we have a president
00:37:49with the fortitude, the guts to stand up to the withering criticism and lobbying that's going to
00:37:54occur as soon as folks hear about the executive order. So on behalf of the child in Philadelphia,
00:38:00who's got an autoimmune disease with a thousand dollar a month drug or the older woman in Los
00:38:06Angeles who's on a blood thinner who can't afford or copay, I want to thank President Trump. God bless
00:38:11you for having the guts to take on this industry. Thank you, sir. Thank you very much.
00:38:16So let's talk about the details a little bit. And this is primarily about equalization,
00:38:21as President Trump said. It's about fairness. Think of NATO as a metaphor. When President Trump
00:38:26said you've got to pay a little more so it makes sense for all of us, they came up. And the European
00:38:32countries contributed. The same thing we believe will happen in this situation. Most people who have
00:38:37thought about this process agree that it is patently unfair to tolerate the numbers that Secretary
00:38:43Kennedy and President Trump have reflected to you. On this chart to my left is a list of the 10 drugs
00:38:49that were negotiated in the IRA. Again, this is the bill, the law that regulates a negotiation process.
00:38:57This is the best price that was able to be obtained by the Biden administration. And if you look at these
00:39:02numbers, they actually reflect how much on top of the most favored nation price was being paid by the
00:39:09United States. So the closest to me, Bobby, you can point to the Jardians, the closest one, 289%,
00:39:15the one that's closest to you. That means that we are paying in America four times more than that
00:39:22drug costs in other countries. Again, 100% is the baseline. It's 289% above that baseline.
00:39:28It goes all the way down to where we're paying 50% more than any other country. That's the range.
00:39:33As was pointed out by President Trump, half the time we're paying three times more than it's paid
00:39:37in other countries. It doesn't make any sense for the system. That stated, President Trump has over
00:39:42and over again indicated, and Secretary Kennedy reflected as well, we want innovation. We want our
00:39:47technology partners doing the best they can to make the best solutions for drugs to cure as many
00:39:52people in America and around the world as possible. By getting our allies to pay a bit more,
00:39:58as they should be, and they should have for many years been doing, will course correct a
00:40:02problem that's gotten out of hand. And by doing that in a thoughtful, effective way,
00:40:06we're going to be able to get the pharmaceutical industry whole. Those jobs will still be here,
00:40:10will still be productive, will still be curing cancer and a slew of other ailments that plague
00:40:14humanity. America will still be the leader in this space, but we'll be paying the appropriate amount,
00:40:19the right-sized amount for those tasks. So over the next 30 days,
00:40:23the four of us up here, together with people standing in the back of this room, we're doing
00:40:28a lot of the heavy lifting, are going to be approaching pharmaceutical companies to talk
00:40:31specifically about what we want the most favored nation price to be based on the best data we have.
00:40:36We're looking forward to a thoughtful interaction with these corporate leaders, many of whom we've
00:40:43spoken to and in quiet will agree the system is not right the way it is. They're patriotic Americans,
00:40:48they want what's right. But the fact that in my lifetime, as Secretary Kennedy said, for the first
00:40:53time, we have a thoughtful and aggressive approach, thanks to President Trump, on taking on these
00:40:59special interests, I should give all Americans confidence that this is an administration that
00:41:04stands for fairness and should chill the waters for those who believe they can push us away from our
00:41:09North Star, which is to take care of the American people. Mr. President, God bless you.
00:41:13Thank you very much. Thank you. Jay, you want to go next? Sure.
00:41:18So I teach economics at Stanford as well as health policy. And one thing that's really,
00:41:24really simple in economics is that when you have a persistent price difference for the same product
00:41:29between two countries, there is something deeply wrong. And what President Trump has done is a historic
00:41:35measure that should have been done a long time ago. What we're going to do is make sure that those prices
00:41:41become much closer to equal like a competitive market you'd expect. Right now what's happening
00:41:48is the American people are subsidizing in large fraction the research and development efforts for
00:41:55drug companies around the world by the higher prices that we pay. With this new order, Europe will
00:42:02share the burden of that. And in fact, if you may think of it as like somehow it's going after drug
00:42:08companies, actually it's helping drug companies. Because what we're also going to do with this
00:42:12order, what President Trump has done with this order, is he's said to European governments,
00:42:18look, if you are taking advantage of the drug companies by forcing them to charge very, very low
00:42:23prices, we're going to defend American drug companies in Europe. At the same time, we're standing up
00:42:30for the American consumer who's been paying far too high prices for far too long. I can go back decades to
00:42:36point to congressional reports after a government report after government report of tremendously high
00:42:42drug prices, much higher than the rest of the world. And nothing has been done about it until the
00:42:47moment. And I'm really, really proud, President Trump, that you've done this. I'm really proud to be
00:42:52included in this and looking forward to the work ahead. Thank you. Thank you, Mr. President. On behalf of
00:42:58the many doctors I've talked to about this very issue, thank you for taking the bull by the horns.
00:43:03Presidents on both sides of the aisle have talked about this and floated it and said they've wanted
00:43:08to do it. So you've had the courage to do it. Thank you. I've been a surgical oncologist at Johns
00:43:14Hopkins for 22 years, and I have seen patients suffer. We didn't take an oath to heal patients and
00:43:21then watch their life get ruined financially. With their home, mortgage, retirement, going down the drain,
00:43:29with GoFundMe campaigns, raising money from church communities and synagogues and friends they haven't
00:43:35seen in 20 years to try to raise money for what? For a system where Americans have been getting ripped
00:43:41off by 10, 12, 15 times higher prices than we see in other countries. The fundamental problem in healthcare
00:43:48is that we've had non-competitive markets. We can do little things around the edges or we can transform
00:43:54those markets to competitive markets. And that's what this executive order does today. Imagine
00:44:01buying a Ford for $175,000, a regular car, and then hearing that people in London are buying it for
00:44:09$10,000 every day, all day long. That is the craziness of this system. We're going to do everything
00:44:15we can at the FDA to support this executive order. It's transformative. Thank you, Mr. President.
00:44:21Thank you, thank you very much. So thank you very much, everybody. It's, I think it's a very
00:44:26important day. In many ways, we'll start with the Houthis. We go to Pakistan and India. We go to what we
00:44:35did with China, the trade deal, and with UK. And by the way, many other deals are coming in very much.
00:44:42At a certain point, we'll just set the price because we know where we are. But we'll just set the price.
00:44:47But world trade is going to be terrific. And our country is going to be making a lot of money.
00:44:53Taxes are going to go down. Taxes are going to go down very, very substantially. But you look at all
00:44:59of the things that we've done. And now today, I'm heading over. We'll see what we're going to do with
00:45:06respect to Iran. I think you have very good things happening there, too, by the way. I think
00:45:12can't have a nuclear weapon. But I think that they are talking intelligently. We're in the midst of
00:45:17talking to them. And they're right now acting very intelligent. We want Iran to be wealthy and
00:45:24wonderful and happy and great. But they can't have a nuclear weapon. It's very simple. So I think they
00:45:30understand that we mean that I mean business. And I think they're being very reasonable thus far.
00:45:37And don't underestimate Thursday in Turkey. President Erdogan is going to be a great host.
00:45:47And we are doing some work with him having to do with Syria, too, by the way. We're going to have to
00:45:54make a decision on the sanctions, which we may very well relieve. We may take them off
00:45:59of Syria because we want to give them a fresh start. But President Erdogan has asked me about
00:46:06that. Many people have asked me about that because the way we have them sanctioned, it doesn't really
00:46:10give them much of a start. So we want to see if we can help them out. So we'll make that determination.
00:46:16But I think you're going to have maybe a good meeting. You have the potential for a good meeting,
00:46:19that a meeting wasn't going to take place. I insisted that that meeting take place.
00:46:23And it is taking place. And I think you may have a good result out of the Thursday meeting in Turkey
00:46:29between Russia and Ukraine. And I believe the two leaders were going to be there. I was thinking
00:46:35about flying over. I don't know where I'm going to be on Thursday. I've got so many meetings.
00:46:39But I was thinking about actually flying over there. There's a possibility of it, I guess,
00:46:43if I think things can happen. But we've got to get it done. We've got to save 5,000 lives a week.
00:46:485,000 lives are really more than that. It's worse than that. And when you see the, and you don't
00:46:52want to see it, but when you see the satellite photographs of the battlefield with arms and legs
00:46:57and heads all over the place, separated by 30 yards from bodies, it's not, it doesn't make sense.
00:47:08It doesn't make sense. So we're working very hard to see if we can end that bloodbath.
00:47:14Okay. There shouldn't be too many questions. It's been covered pretty well.
00:47:18Thank you, Mr. President. Thank you for taking questions. Two quick ones for you.
00:47:22Starting on trade. If a longer term deal is not reached with China at the end of these 90 days,
00:47:27can the American people expect those tariffs to go back up to 145 percent?
00:47:32No, but they would go up substantially higher. You know, at 145, you're really decoupling because
00:47:38nobody's going to buy. But they can go, they got very high because of additional tariffs.
00:47:44I applied during the course because of fentanyl and other things. But no,
00:47:47but they'd go substantially higher. And then on Qatar, Mr. President,
00:47:50I think you will have a deal, however. You, okay, you're confident that there will
00:47:53be a deal on Qatar. Has Qatar asked for anything in exchange for that $400 million luxury jumbo jet?
00:48:01And how can the American people be so sure that they will not in the future?
00:48:04Well, I think what happens with the plane is that, you know, we're very disappointed that
00:48:08it's taking Boeing so long to build a new Air Force One. You know,
00:48:11we have an Air Force One that's 40 years old. And if you take a look at that compared to the new
00:48:16plane of the equivalent, you know, stature at the time, it's not even the same ball game. You look
00:48:21at some of the Arab countries and the planes they have parked alongside of the United States of
00:48:28America plane, it's like from a different planet. And it's close to 40 years old, might be more than 40
00:48:34years old now. And we, when I first came in, I signed an order to get it built. I took it over from
00:48:43the Obama administration. They had originally agreed. I got the price down much lower.
00:48:49And then when the election didn't exactly work out the way that it should have, a lot of work was not
00:48:57done on the plane because a lot of people didn't know they made change orders that were so stupid,
00:49:01so ridiculous. And it ended up being a total mess, a real mess. And when I came back, I said,
00:49:08by the way, what's going on with the the Boeing's that are coming in? Well, sir, they're way behind.
00:49:13And they are the way behind. They were way behind another mess that I inherited from Biden.
00:49:18And it's going to be a while before we get them. And I think Qatar, who
00:49:23has really, we've helped them a lot over the years in terms of security and safety. I feel that,
00:49:30I think that, and very, very nicely. And I have a lot of respect for the leadership and for the leader,
00:49:35Qatar. And I think they very, they knew about it because they buy Boeings. They buy a lot of Boeings.
00:49:42And they knew about it. And they said, we would like to do something. And if we can get a
00:49:47747 as a contribution to our Defense Department to use during a couple of years while they're
00:49:56building the other ones, I think that was a very nice gesture. Now, I could be a stupid person and say,
00:50:03oh, no, we don't want a free plane. We give free things out. We'll take one, too. And it helps us out
00:50:09because, again, we're talking about we have 40-year-old aircraft. The money we spend,
00:50:13the maintenance we spend on those planes to keep them tippy top is astronomical. You wouldn't even
00:50:19believe it. So I think it's a great gesture from Qatar. I appreciate it very much. I would never
00:50:26be one to turn down that kind of an offer. I mean, I could be a stupid person and say, no,
00:50:31we don't want a free, very expensive airplane. But it was, I thought it was a great gesture.
00:50:38And I think it was a gesture because of the fact that we have helped and continue to. We will,
00:50:43we will continue to. All of those countries, Saudi Arabia, UAE, Qatar and others, we keep them safe.
00:50:52If it wasn't for us, they probably wouldn't exist right now. And I think this was just a gesture of
00:50:56good faith. And I don't get it. Someday it'll be like Ronald Reagan. They decommission them. You
00:51:03know, they get to a certain age, they decommission them. It'll go to my library. They're talking about
00:51:07going to my library in years out. But I thought it was a great gesture. And it's something that was
00:51:15done by Ronald Reagan. They actually decommissioned the plane and he put it in his library. And
00:51:19it actually has made the library, I think a Boeing 707, it's actually made the library more successful.
00:51:26So it was good. Do you plan to use the plane after you leave office?
00:51:30No, I don't. No, it would, it would go directly to the library after, after I leave office.
00:51:35I wouldn't, I wouldn't be using it. No.
00:51:37Mr. President, on the hostages, on the hostage, you said that the release of the American hostage,
00:51:43Adam Alexander, is a step in good faith to end this war. Do you expect any progress and perhaps
00:51:50announcement on ceasefire during your trip to the Middle East?
00:51:53We hope that we're going to have other hostages released too, as you know. So when I met with the
00:51:59hostages three weeks ago that were there for quite a while, you remember the 10 people that came in,
00:52:04mostly young people, one or two were a little bit older. They went, they were explaining the
00:52:09trials and tribulations. I mean, they went through hell. And I said, how many are there? They said 59.
00:52:16I said, that's a lot. I didn't realize because we got a lot out. You know, we got a lot of hostages out,
00:52:20I think you will acknowledge. They said 59. But then they said they followed that up by saying 59,
00:52:27of which 24 are living, the rest are dead. But the people whose son, mostly son,
00:52:34I think one daughter in this case, but mostly sons are there or husbands are there. Those people want
00:52:40the dead bodies as much as they want the live body. I was, I have a mother that calls me,
00:52:47but came up to me when I first met her and she said, sir, please, please get my son out. He's dead,
00:52:53but they have his body. And I asked her about that. And it's as though he were alive. The level of,
00:53:01of wanting that body back is, is the same. It couldn't be anymore as though he were alive. So,
00:53:08you know, getting the bodies back is very important. It could be a thing having to do with the religion.
00:53:14It could be same. I was, I was amazed at the level of importance. It's the same as if,
00:53:20the son or husband or whatever was alive. So they said 59. In fact, they came out,
00:53:25they came in with a number 59 written out on like a sign on their chest. But they came to thank me for
00:53:31getting them out. And, uh, I said, what does the 59 mean? They said, well, that means there are 59
00:53:38people. But then they said, but 24 are living. Now it's 21. The number is 21. So now it's actually,
00:53:44uh, well, we'll get Ethan today. We think we're getting him today. So it's 20. So they have 20 live
00:53:51hostages there. The rest are dead bodies. Mr. President, are you open to negotiating your
00:53:57tariffs on cars, steel and aluminum with China or any other country? Well, we're not even talking
00:54:03about that. Uh, we're bringing the car back business back into this country. We have commitments,
00:54:08not only commitments. They've already started construction on many plants. Uh, they've left
00:54:14Mexico in a few cases. In a few cases, they've left Canada. They're not going to build in Canada.
00:54:18They're going to build here because we have the market and, uh, the tariffs have been amazing.
00:54:23The election and the tariffs, November 5th was a big day. And on top of that, of course,
00:54:28you wouldn't have the tariffs without the election, I guess, if you look at it. But, uh, we have, uh,
00:54:33at least 11 committed massive car factories that are going to be, uh, built that are going to be,
00:54:41uh, that are in the process of being built. And, uh, some are going through, some have actually started.
00:54:46We also have renovations of existing factories where they weren't utilizing the full factory
00:54:52from years gone by. And now they're under full renovation. They'll be opening up full factories
00:54:57in a very short period of time. Our car industries, I think we're going to have the number one industry.
00:55:01You know, if you look at Japan and these others, they, they do tremendously with cars and, uh,
00:55:07and they can do that too. They, but you know, when they, if they want to sell cars in the United States,
00:55:11they're going to have to build factories in the United States because I'm interested in cars for
00:55:15the United States. Now, one other thing is in our tax bill, we're giving not only no tax on tips,
00:55:22no tax on social security, no tax on overtime, but also we're going to get a deduction for people
00:55:27that borrow money to buy a car if, if it's made in America. If it's not, we have no interest.
00:55:35If President Putin doesn't show up to these talks in person in Turkey, will you join Europe and
00:55:45putting higher sanctions? If I felt it would be important toward getting the deal done,
00:55:50I'm the one that insisted on the meeting. They couldn't get a meeting because one said ceasefire,
00:55:54one said no ceasefire, was going back and forth. I said, look, at this point, we got to stop it.
00:56:01Just go to the meeting. The meeting has been set. Go to the meeting on Thursday. And if I thought
00:56:05it would be helpful, I don't know where I'm going to be at that particular point. I'll be
00:56:09someplace in the Middle East, but I would fly there if I thought it would be helpful. Yeah, please.
00:56:14I want to ask you about South African refugees. Dozens of Afrikaners who claim discrimination in
00:56:20their home country are heading to the United States where your administration is going to welcome them
00:56:25as refugees. Now, this comes as you've halted virtually all refugee admissions for people to
00:56:31claim famine and war from countries like Sudan and the Democratic Republic of the Congo.
00:56:35Why are you creating an expediting path into the country for Afrikaners, but not others?
00:56:40Because they're being killed. And we don't want to see people be killed.
00:56:45Now, South Africa leadership is coming to see me, I understand, sometime next week.
00:56:50And, you know, we're supposed to have, I guess, a G20 meeting there or something. But we're having
00:56:57a G20 meeting. I don't know how we can go unless that situation is taken care of. But it's a genocide
00:57:02that's taking place that you people don't want to write about. But it's a terrible thing that's taking
00:57:07place. And farmers are being killed. They happen to be white. But whether they're white or black makes no
00:57:16difference to me, but white farmers are being brutally killed and their land is being confiscated
00:57:22in South Africa. And the newspapers and the media, television media doesn't even talk about it. If it
00:57:28were the other way around, they'd talk about it. That would be the only story they'd talk about.
00:57:33And I don't care who they are. I don't care about their race, their color. I don't care about their
00:57:38height, their weight. I don't care about anything. I just know that what's happening is terrible. I have
00:57:43people that live in South Africa. They say it's a terrible situation taking place. So
00:57:48we've essentially extended citizenship to those people and to escape from that violence and come
00:57:56here. Yeah. Mr. President, thank you. Are you letting China off the hook for these 90 days? And do you
00:58:03really believe that they will follow through with non-tariff barriers and remove those? Non-monetary
00:58:09tariffs, yeah. Yeah, I think they're going to follow through. I think they want it very badly. I think they
00:58:13want the deal very badly. Again, this doesn't include the steel tariffs that I put on a long
00:58:17time ago that Biden tried to get off, but he couldn't get them off because it was too much money.
00:58:22You know, I took in hundreds of billions of dollars from China, which a lot of people don't
00:58:25know, but we put on the tariffs originally. And if I didn't do that, we wouldn't have a steel industry
00:58:30today. Now we have a thriving steel industry. It'll be thriving much more with what we're doing
00:58:34because this is the next level. But it doesn't include that, doesn't include cars, doesn't include
00:58:40pharmaceuticals when we do that. And the reason we're doing that will be to get them to come back
00:58:45into the country. You know, there are, again, I always say it because a lot of people forget, but
00:58:49if a company like Eli Lilly, which is making a massive investment in the United States right now,
00:58:56they're building many, many plants. They've already started like seven of them, many plants, but they are
00:59:03not going to be tariffed. There's no tariff cost. So they're all doing that. They're all coming back
00:59:09to the United States. I mean, I'll tell you what, I hope I get the benefit of watching this because,
00:59:15as president, because, you know, it takes a little while to do this stuff. And we're doing it early in
00:59:21the administration. If you think of it, we have, I believe, if you look at the real total, it's over
00:59:26$10 trillion committed for plants and factories. Other administrations haven't had $1 trillion over
00:59:36a four-year period, even over an eight-year period. We have over $10 trillion committed in one form or
00:59:44the other over two months. Give me a break. I'm here to hear three, but let's give me a break on the
00:59:48first, on the first month. We want to get acclimated. But, you know, but if you think about it,
00:59:53it's really two months. And so in two months, we have an investment already of over $10 trillion.
01:00:01And other presidents haven't had that done over a year, over four years, in some cases.
01:00:08It's unprecedented. There's never been anything like it. It's a very exciting time
01:00:13in America. Thank you very much, everybody.
01:00:15Thank you, Mr. President. Who's in turn to the budget bill?
01:00:18I'll sign that.
01:00:19Mr. President, are you ready to impose sanctions on Russia
01:00:23if Putin doesn't agree with the 30-day sanctions?
01:00:25I have a feeling they're going to agree.
01:00:28I do. I have a feeling.
01:00:29And we've been to other countries.
01:00:31Mr. President, the budget bill negotiations are taking place.
01:00:38Who in your administration is in charge of that while you're gone?
01:00:41Everybody. Bobby, from the standpoint of medical, this group behind me,
01:00:45I mean, I think it's the best group ever assembled in terms of medical.
01:00:50I think you're going to see a tremendous cut.
01:00:52I don't think.
01:00:52I mean, I know you're going to see it in Medicaid and Medicare.
01:00:57That cut will be massive because drugs are 50, 60 percent of the cost.
01:01:01So, Medicaid costs are going down and Medicare costs are going down
01:01:05because of what we're doing today.
01:01:08And there's no — it's not like, oh, gee, well, maybe it won't happen.
01:01:11It's going to happen because the other countries have no choice.
01:01:14Now, the drug companies are going to have to say,
01:01:16listen, if you don't pay more, we're not going to give you the drug,
01:01:18and they're willing to do that. So, that's it.
01:01:20They have to — we have to equalize.
01:01:22The Press Press saat
01:01:26How do you respond to the fact that this —
01:01:28The President Is not price control — no, no.
01:01:29What was — price control is before —
01:01:33if you want to talk about it.
01:01:34Price control is what they were doing.
01:01:36They were making us pay.
01:01:37They set a price.
01:01:39And they said, here's what we're going to pay.
01:01:41and anything else charge America because at that time they had a very
01:01:48stupid president and it really went crazy during the last four years and
01:01:52remember this the Democrats are the ones that allowed this to happen they
01:01:56were the ones that were the protector of the this pricing system and I think
01:02:03it's going to be very hard you have to ask Democrats are they going to vote
01:02:06against the one great big beautiful deal that's being negotiated now tax cuts
01:02:12etc we're now on top of the tax cuts and regulation cuts all the things now
01:02:18you're going to say that the price of your medicine is going down by 60 70 80
01:02:22percent you're going to vote against it I think a lot of Democrats are going to
01:02:27be forced to do something that their leaders are going to beg them not to do
01:02:31and that's vote for the bill I don't see how they can vote against it how can
01:02:34they vote against it when drug prices drugs and pharmaceuticals are going
01:02:37to be down 70 80 percent it's going to be very interesting
01:02:42mr. president what do you say to people who view that luxury jet as a personal
01:02:45gift to you why not leave it behind ABC fake news right why not only only ABC
01:02:50well a few of you would let me tell you you should be embarrassed asking that
01:02:56question they're giving us a free jet I could say no no no don't give us I want
01:03:01to pay you a billion or four hundred million or whatever it is or I could
01:03:06say thank you very much you know there was an old golfer named Sam Snead did
01:03:11you ever hear he won 82 tournaments he was a great golfer and he had a
01:03:15motto when they give you a putt you say thank you very much you pick up your
01:03:20ball and you walk to the next hole a lot of people are stupid they say no no I
01:03:24insist on putting it then they put it they miss it and their partner gets angry at
01:03:29him you know what remember that Sam Snead when they give you a putt you pick
01:03:34it up and you walk to the next hole and you say thank you very much
01:03:37respectfully sir as a businessman some people may look at this and say have
01:03:41you ever been given a gift worth millions of dollars and then not
01:03:45received not a gift to me it's a gift to the Department of Defense and you
01:03:49should know better because you've been embarrassed enough and so has your
01:03:52network your network is a disaster ABC is a disaster here is the bill Bobby come on
01:03:57over here now you're talking about
01:03:59thank you very much
01:04:10thank you very much