Trump to Sign Historic Orders on Drugs and Trade

The Ben Ferguson Podcast

iHeartPodcasts

Politics, News, News Commentary

4.9 • 4.7K Ratings

🗓️ 12 May 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Trade Deal with China:
- The podcast mentions progress towards a trade deal agreement with China, highlighting the media's skepticism and the positive developments in negotiations. It includes statements from officials about the substantial progress made and the potential impact on the U.S. trade deficit.
Prescription Drug Costs:
- President Trump is set to sign an executive order to reduce prescription drug costs by 30 to 80 percent. The text includes his announcement and rationale, emphasizing the high costs of drugs in the U.S. compared to other countries and the expected benefits for American citizens.
U.S.-China Trade Talks:
- Further details on the U.S.-China trade talks are provided, including statements from Treasury Secretary and other officials about the productive negotiations and the anticipated positive outcomes.
Russia-Ukraine Conflict:
- We discuss President Trump's views on the Russia-Ukraine conflict, including his criticism of corruption in Ukraine and the potential for a ceasefire agreement. It also touches on the complexities of the situation and the impact on both countries.
Hamas and Israel:
- There is a mention of Hamas claiming it will release an Israeli-American hostage, Eden Alexander, as part of steps towards a ceasefire. The text includes details about the hostage situation and the broader implications for the conflict between Israel and Hamas.

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Transcript

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0:00.0	You're listening to an IHeart podcast.
0:07.6	Well, let's start with some really big news.
0:10.6	Number one, we are getting much closer to a trade deal agreement with China, something that the media,
0:19.2	in fact, I was on CNN this past week, said it wasn't going to
0:21.9	happen probably till later this year or next year. They wanted to be doom and gloom.
0:27.7	There was ridiculous conversations and arguments and debates about if your daughter was going to
0:34.3	have how many, be able to have more than two dolls from China.
0:39.6	This is where the media went.
0:45.0	Now, I'm going to get to this in a moment, but there's something else that is happening right now that all of you need to know about, and it's really big.
0:48.6	We are being told now that President Trump is going to sign an order Monday afternoon cutting prescription drug costs
0:58.5	30 to 80 percent effective immediately. Donald Trump announcing this in a truth social post.
1:06.4	Here is what he said. Quote, for many years, the world has wondered why prescription drugs and pharmaceuticals in the United States of America were so much higher in price than they were in any other nation.
1:18.9	Sometimes being five to ten times more expensive than the same drug manufactured in the exact same laboratory or plant by the same company.
1:29.7	It was always difficult to explain and very embarrassing because, in fact, there was no correct
1:34.7	or rightful answer.
1:36.5	The pharmaceutical drug companies would say for years that it was research and development
1:41.3	costs and that all of these costs were and would be for no reason
1:45.9	whatsoever borne by the suckers, bore, I should say, by the suckers of America alone, all capital
1:52.4	letters. Campaign contributions can do wonders, but not with me and not with the Republican Party.
1:59.5	We are going to do the right thing, something that the Democrats have fought for many years.
2:07.4	Therefore, I'm pleased to announce that tomorrow morning in the White House, I will sign one of the most consequential executive orders in our country's history.
2:17.7	Prescription drug and pharmaceutical prices will be reduced almost immediately by 30 to 80%.
	...

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