BONUS POD: Trump’s Triumphs w BIG Pharma & China Trade Deal
Verdict with Ted Cruz
Premiere Networks
4.5 • 42.9K Ratings
🗓️ 13 May 2025
⏱️ 15 minutes
🧾️ Download transcript
Summary
1. Prescription Drug Pricing Reform
The first part of the podcast discusses a policy initiative aimed at reducing the cost of prescription drugs in the United States. Key points include:
- "Most Favored Nation" Pricing: The U.S. would pay the lowest price available globally for prescription drugs, matching the lowest price paid by any other country.
- Examples of Price Disparities: Our podcast cites stark contrasts in drug prices between the U.S. and countries like Australia, Sweden, and the UK.
- Executive Orders: Trump’s administration directed agencies to:
- Prevent foreign countries from undercutting U.S. drug prices.
- Allow Americans to buy drugs directly from manufacturers at the lowest global price.
- Impose rules if pharmaceutical companies fail to comply.
- Criticism of the Biden Administration: The text claims that Biden reversed Trump-era reforms and negotiated higher drug prices, allegedly due to influence from pharmaceutical lobbyists.
2. U.S.-China Trade Deal
The second part shifts focus to a trade agreement between the U.S. and China. Highlights include:
- Tariff Reductions:
- U.S. tariffs on Chinese goods reduced from 145% to 30%.
- Chinese tariffs on U.S. goods reduced from 125% to 10%.
- Negotiation Outcomes:
- China agreed to reduce retaliatory tariffs and open markets to U.S. goods.
- Both countries committed to further discussions on trade and fentanyl trafficking.
- Framing: The deal is portrayed as a major win for the U.S., correcting trade imbalances and protecting American jobs and industries.
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Transcript
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| 0:00.0 | You're listening to an IHeart podcast. |
| 0:06.7 | Let's say China. |
| 0:08.4 | China. China. China. China. China. China. China. You go over to China. China. China. China. China. China. China. China. China. |
| 0:21.5 | I love them. |
| 0:21.6 | China. |
| 0:21.9 | You're listening to the 47 morning update with Ben Ferguson. |
| 0:25.9 | Good Tuesday morning. |
| 0:27.1 | Welcome. |
| 0:27.6 | It is the 47 morning update. |
| 0:29.6 | And my-o-mias have been one heck of a week for President Trump. |
| 0:33.4 | Not only has he secured a UK trade deal that's historic, but now a China trade deal. |
| 0:39.8 | Plus the release of an American hostage, a ceasefire with India and Pakistan, and a ceasefire with the Houthis. |
| 0:46.9 | And now we will break down the other big deal as well. |
| 0:50.2 | First up, a massive deal on prescription drug prices. |
| 0:54.4 | And what happened in the China trade deal that is affecting every American? |
| 0:59.5 | It's the 47 morning update and it starts right now. |
| 1:03.1 | Story number one. |
| 1:04.1 | Major victory number one for the American people is going to have a massive impact on so many Americans that deal with high cost |
| 1:13.7 | of prescription drugs. Here is what you need to know about what the president has done to lower |
| 1:20.2 | the price of prescription drugs for all Americans. The announcement and the action put forth |
| 1:26.7 | saying American patients will be first instead of the pharmaceutical companies by Donald Trump will have an impact for every American. |
| 1:35.1 | Now, this should not be a conservative or liberal or Republican or Democratic issue. |
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