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I hate to say it, but trump just won again. China folded under the pressure of the trade war, an EO will make prescription drug prices cost the same as other countries, and the Saudis are buying us a new AF1
The previous legislation to lower prescription drug prices was blocked by Joe Biden, but trump will now enact it via EO.
https://www.cnn.com/politics/live-news/us-china-tariffs-trade-talks-trump-05-12-25
Trade war breakthrough: The US and China agreed to drastically roll back tariffs on each other’s goods for an initial 90 days, de-escalating a punishing trade war and buoying global markets. By May 14, the US will temporarily lower its overall tariffs on Chinese goods from 145% to 30%, while China will cut its levies on American imports from 125% to 10%.
• Lowering drug prices: President Donald Trump plans to sign an executive order that will revive a controversial policy from his first term that aims to reduce drug costs by basing payments for certain medicines on their prices in other countries. He will be joined by Health and Human Services Secretary Robert F. Kennedy Jr. at a news conference this morning.
• Middle East trip: Trump will visit three wealthy Gulf Arab nations this week, hoping to deepen economic ties. In Qatar, the Trump administration is expected to accept a luxury jet from the royal family to use as Air Force One, raising legal and ethical questions.
President Donald Trump took to social media this morning to preview an executive order aimed at lowering drug costs that he is expected to sign later today.
The president announced yesterday that he plans to resurrect a controversial policy from his first term that aims to reduce drug costs by basing payments for certain medicines on their prices in other countries.
His prior rule, called “Most Favored Nation,” was finalized in late 2020 but blocked by federal courts and rescinded by then-President Joe Biden in 2021, as reported by CNN.
The previous legislation to lower prescription drug prices was blocked by Joe Biden, but trump will now enact it via EO.
https://www.cnn.com/politics/live-news/us-china-tariffs-trade-talks-trump-05-12-25
Trade war breakthrough: The US and China agreed to drastically roll back tariffs on each other’s goods for an initial 90 days, de-escalating a punishing trade war and buoying global markets. By May 14, the US will temporarily lower its overall tariffs on Chinese goods from 145% to 30%, while China will cut its levies on American imports from 125% to 10%.
• Lowering drug prices: President Donald Trump plans to sign an executive order that will revive a controversial policy from his first term that aims to reduce drug costs by basing payments for certain medicines on their prices in other countries. He will be joined by Health and Human Services Secretary Robert F. Kennedy Jr. at a news conference this morning.
• Middle East trip: Trump will visit three wealthy Gulf Arab nations this week, hoping to deepen economic ties. In Qatar, the Trump administration is expected to accept a luxury jet from the royal family to use as Air Force One, raising legal and ethical questions.
President Donald Trump took to social media this morning to preview an executive order aimed at lowering drug costs that he is expected to sign later today.
The president announced yesterday that he plans to resurrect a controversial policy from his first term that aims to reduce drug costs by basing payments for certain medicines on their prices in other countries.
His prior rule, called “Most Favored Nation,” was finalized in late 2020 but blocked by federal courts and rescinded by then-President Joe Biden in 2021, as reported by CNN.
