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Crossroads with Joshua Philipp

Americans Were Subsidizing the World’s Pharmaceuticals

Crossroads with Joshua Philipp

The Epoch Times

Education, Government

4.9594 Ratings

🗓️ 13 May 2025

⏱️ 81 minutes

🧾️ Download transcript

Summary

Americans have been shouldering the cost of medicines, while the rest of the world has received a discount, according to the White House. And now, the Trump administration says it’s putting an end to the practice. The president’s new executive order is expected to reduce the costs of medications in the United States while causing the costs to rise in other countries.

In other news, the Trump administration is now negotiating a trade deal with the Chinese regime. After meetings over the weekend, it was announced that both countries would temporarily lower their tariffs, and that this will last around 90 days while talks continue.

Views expressed in this episode are opinions of the host and guests and do not necessarily reflect the views of The Epoch Times.

Transcript

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0:00.0

Americans have allegedly been shouldering the cost of medications for the world,

0:04.5

while other countries have gotten a discount at a hark expense.

0:07.5

And now the Trump administration is putting an end of the practice.

0:11.0

President Trump has signed the most favored nation drug pricing executive order,

0:15.5

which plans to reduce the cost of medications in the United States by up to 80%. In other news, the Trump administration

0:23.3

is now negotiating a trade deal with the Chinese regime, as tariffs have been temporarily

0:29.1

lowered between the two countries. Also, the United States is set to receive a plane from

0:33.9

Qatar for free that will be used as the new Air Force One, at least temporarily,

0:39.0

but there's more to the story than what's being reported. I'm the Epic Times Senior Investigative

0:43.9

reporter Joshua Phillip, and this is Crossroads.

0:53.6

Americans have allegedly been shouldering the costs of medicines while the rest of the world has gotten a discount.

0:59.7

This is allegedly why we pay so much for medical costs in the United States.

1:04.7

If you're wondering why you pay so much for, you know, your pharmaceutical drugs in the U.S.

1:10.0

and you can go to Mexico and get them like

1:11.6

10 times cheaper, this is allegedly the reason, and now it's changing. The Trump administration

1:18.0

is putting an end to these practices, and this could actually reduce the cost of medications

1:22.4

in the United States, they're saying, by up to 80%. And it is noted this will cause a very sharp rise in the

1:31.3

cost of medications for other countries that have been getting discounts at the cost of Americans.

1:37.7

Now, President Trump explained the thinking behind the policy during a press conference yesterday.

1:41.8

It's called Most Favorite Nation. We are going to pay the lowest price there is in the world.

1:47.0

We will get whoever is paying the lowest price, that's the price that we're going to get.

1:53.0

So remember that.

...

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