BONUS POD: Trump’s Triumphs w BIG Pharma & China Trade Deal
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China. You're listening to the 47 Morning Update with Ben Ferguson. Good Tuesday morning. Welcome. It is the 47 Morning Update. And my, oh my, has it been one heck of a week for President Trump. Not only has he secured a UK trade deal that's historic,

But now a China trade deal. Plus the release of an American hostage. A ceasefire with India and Pakistan. And a ceasefire with the Houthis. And now we will break down the other big deal as well. First up, a massive deal on prescription drug prices. And what happened in the China trade deal that is affecting everyone.

every American. It's the 47 Morning Update and it starts right now. Story number one. Major victory number one for the American people is going to have a massive impact on so many Americans that deal with high costs of prescription drugs. Here is what you need to know about what the president has done to lower the price of prescription drugs for all

all Americans. The announcement and the action put forth saying American patients will be first instead of the pharmaceutical companies by Donald Trump will have an impact for every American. Now this should not be a conservative or liberal or Republican or democratic issue yet. Democrats are angry about it. So let me tell you exactly how this is going to have an impact on you.

First up, the president said that we are now going to have most favored nation prescription drug pricing, saying we are going to pay the lowest price that there is in the world. Here's the president in his own words. But it's called most favored nation.

nation, we are going to pay the lowest price there is in the world. We will get whoever is paying the lowest price. That's the price that we're going to get. So remember that. So we're no longer paying 10 times more than another country. Whoever is paying the lowest price, we will look at that price and we will say that's the price we're going to pay. Most favored nations. That's what it is. One breast cancer drug costs Americans over $16,000 per bottle. But the same drug from the same fact

factory manufactured by the same company is one sixth that price in Australia and one tenth that price in Sweden. One tenth for the identical product. A common asthma drug costs almost $500 here in America, but costs less than $40 in the United Kingdom. So $40 in the United Kingdom, which is where this gentleman told me he paid a small amount for his his shot

But think of that. So $40 versus $500 here. Forty compared to $500, the difference between the U.K. and the U.S. Now let me explain more about this order. The order directs the U.S. Trade Representative and the Secretary of Commerce to take action to ensure foreign countries are not engaged in practices that purposefully and unfairly undercut market prices and

And drive price hikes in the United States. All what I'm giving you right now is coming directly from the White House. I want to make that very clear. Number two, the order instructs the administration to communicate price targets to pharmaceutical manufacturers to establish that America, the largest purchaser and pharma

Thank you.

Finally, from the White House, if drug manufacturers fail to offer most favored nation pricing, the order directs the Secretary of Health and Human Services to, one, propose rules and impose most favored nation pricing, and two, take other aggressive measures to significantly reduce the cost of prescription drugs to the American consumer, and, most importantly, end anti-competitive operations.

Why? Because the White House says it's about getting a better deal for Americans. And President Trump once again taking action to keep pharmaceutical manufacturers from charging Americans high drug prices while giving steep discounts to other wealthy nations. That is something that Dr. Oz talked about the White House with the president by his side. And here is what he said. That means that we are paying in America four times.

more than that drug costs in other countries. Again, 100% is the baseline. It's 289% above that baseline. It goes all the way down to where we're paying 50% more than any other country. That's the range. As was pointed out by President Trump, half the time we're paying three times more than is paid in other countries. It doesn't make any sense for the system. That stated, President Trump is over and over again indicating, and Secretary Kennedy reflected as well, we want innovation. We want our technology to

partners doing the best they can to make the best solutions for drugs that cures many people in America and around the world as possible. By getting our allies to pay a bit more, as they should be, and they should have for many years been doing, we'll course correct a problem that's gotten out of hand. And by doing that in a thoughtful, effective way, we're going to be able to get the pharmaceutical industry whole. Those jobs will still be here, will still be productive, will still be curing cancer and a slew of other ailments that plague humanity. America will still be the leader

in this space, but we'll be paying the appropriate amount, the right-sized amount for those tasks. Now, you may ask yourself this question. Why is the president doing this? Well, it's all in the numbers. The United States has less than 5% of the world's population, yet funds roughly 75% of global pharmaceutical profits. Here's the other thing you may not know. Drug manufacturers discount their products to gain access

Thank you.

Now, in his first term, you may not know this, but President Trump took historic action to keep Medicare and seniors from paying more for drugs than economically comparable countries, which the Biden administration rescinded before it could even take effect. Why? Because they're owned by Big Pharma. Instead of fixing this problem, the Biden administration's greatest achievement was to not only

negotiate prices that were on average 78% higher than in 11 comparable countries as part of Biden's efforts to, quote, beat Medicare. In translation, the Democratic Party sold you out. The Americans who are suffering and desperately need help.

pharmaceutical drugs. And they sold you out to the highest bidder, the lobbyists and the companies that came in and said, this is what we need. The president making it clear, this is never going to happen again in the U S and as long as he is present, he is going to fight for innovation, fight for technology and make sure that you are paying less

less than any other major nation in the world. Now, story number two. Now, the other big story of today is the fact that we now have a significant movement when it comes to the tariffs with China. The Trump White House has just posted a statement on the U.S. and China's historic trade deal, putting it this way. American tariffs on China were at 145%. Now they're at 30%.

China's tariffs on America were 125% now at 10%. And Donald Trump was the one that made all of this possible. White House Press Secretary Caroline Levin saying it this way to Fox News. First off, your reaction and what could you tell us about the China deal that has tariffs dropping from 145, 125 respectively to 30 and 10?

This is an extraordinary first step in the right direction. And thanks to the strength of President Trump, Secretary Besant and Ambassador Greer were able to cut this initial deal with China. China agreed to reduce their tariffs on the United States by 115%. They also agreed to continue having discussions about opening Chinese markets to American-made products and goods.

also agreed to continue seriously discussing the grave impact that Chinese produced fentanyl is having right here in the United States and our people. So this is a great first step for the American public and Secretary Besson, Ambassador Greer and of course President Trump will continue negotiations with China so we can hopefully,

Now, this is going to be a pause for 90 days. And I want you to hear exactly what the White House said to me earlier today. This is President Trump, quote, securing another historic deal today on the heels of the

brand new deal with the United Kingdom. President Trump reached an agreement with China to reduce China's tariffs and eliminate retaliation. Also, retain a U.S. baseline tariff on China and set a path for future discussions to open market access for American exports. You just heard the White House say that on TV. Today, the United States issued the first joint statement on trade in many years with China. After successfully negotiating over

over the weekend in Geneva, Switzerland. The White House says, quote, Saying this, quote,

unfair trade practices and America's massive trade deficit with China have fueled the offshoring of American jobs and the decline of our manufacturing sector. In reaching an agreement, the White House says the United States and China will each lower their tariffs by 115% while retaining an additional

additional 10% tariff. Other U.S. measures will remain in place. Both sides will take these actions by May 14th of 2025. This trade deal is a win for the United States, demonstrating President Donald Trump's unparalleled

expertise in securing deals that benefit the American people. Then the White House said this, the Chinese action saying, quote, China will remove the retaliatory tariffs it announced since April the 4th and will also suspend or remove the non-tariff

countermeasures taken against the United States since April the 2nd. China will also suspend its initial 34% tariff on the United States that it announced on April 4th for 90 days. It will remain at 10% tariff during the period of the pause. And then they say under American action, the United States will remove the additional tariff it imposed on China on April 8th and April 9th, but will retain all

All duties imposed on China prior to April 2nd, including Section 301 tariffs, Section 232 tariffs, and tariffs imposed in response to the Fentanyl National Emergency, invoked pursuant to the International Emergency Economic Powers Act, and also the most favored nation's tariffs.

They went on to say the United States will suspend their 34% reciprocal tariff imposed on April 2nd for 90 days. And the 10% tariff that will remain in place is set for a fair baseline that encourages domestic production, strengthens our supply chains, and ensures that American trade policy supports American workers first.

instead of undermining them. By imposing reciprocal tariffs, President Trump is ensuring our trade policy works for the American economy and addresses our national emergency brought on by our growing and persistent trade deficits and levels the playing field for American workers and our producers. Unlike previous administrations, the White House said, President Trump took a tough, uncompromising stance on China to protect American interests and stop economic

unfair trade practices. They also said this is working towards a rebalancing. When these changes come into effect, the White House says both nations agree to establish a mechanism to continue important discussions about trade economics. The U.S. goods trade deficit with China was 294 billion

billion in 2024, the largest with any trade partner. And today's agreement works towards addressing these imbalances to deliver real, lasting benefits to American workers, American farmers, and American businesses. The White House saying this, finally, as our nations continue these discussions, China will be represented by he, la, fing,

the vice premier of the state council. The United States will be represented by Scott Besant, the secretary of treasury, and Jasmine Greer, United States trade representative. They also said addressing the fentanyl crisis is the most important matter as well, as the United States and China will take aggressive action to stem the flow of fentanyl and other precursors

from China to elicit drug production in North America. If you look at what the president has been able to do in just the last couple of days, here it is. In just seven days, President Trump has secured a historic UK trade deal, a massive China trade deal, the release of an American hostage, the ceasefire with India and Pakistan, the ceasefire with the Houthis.

And this is exactly what so many Americans voted for. And Donald Trump paying off on his promise to put Americans first and protecting all of us. Thank you for listening to the 47 Morning Update with Ben Ferguson. Please make sure you hit subscribe wherever you're listening to this podcast right now. And for more in-depth news, also subscribe to the Ben Ferguson podcast. And we will see you back here tomorrow.

Hey, friend, I know how this feels, waking up exhausted after multiple trips to the bathroom and feeling embarrassed by sudden leaks. I used to be constantly on edge, searching for a restroom whenever I was out. Then I discovered Better Woman. I was skeptical at first, but two months in, everything changed.

I experienced improved bladder control. No more heart-stopping moments when I laugh or sneeze. Less urge to go. Deeper and more restful sleep. I finally felt like myself again. Confident and in control.

Better Woman is natural, effective, clinically tested, and trusted by women for over 25 years. Ready to take back your control? Head over to BeBetterNow.com to order your supply today. That's BeBetterNow.com. These statements have not been evaluated by the FDA. This product is not intended to diagnose, treat, cure, or prevent any disease. Use as directed. Individual results may vary.

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