Learn English with Donald Trump. President Donald Trump delivers a speech on the release of an American held hostage by Hamas in Gaza, and talks about his upcoming trip to Saudi Arabia, Qatar, and the UAE, as well as his upcoming visit to China.
00:00:00.000A good deal maker. Had a special way about him. And it was Steve. Knew very little about the subject matter. Who does? But he learned it in about two hours. And he's been fantastic. So I want to just thank Steve. But they're going to be releasing Edan in about two hours from now. Or sometime today, let's say.
00:00:24.100And again, they thought he was dead just a short while ago. His parents are so happy. They're so happy. So it's, as you know, Edan's the only American citizen who's captured and held hostage by Hamas since October 7th, 2023. And he's coming home to his parents, which is really great news. I mean, to me, it's big news. They thought he was dead.
00:00:54.100So that's that. So we'll be heading there. And we'll be seeing three primary countries. You know all about that. Saudi Arabia, UAE, Qatar. On Thursday's meeting with Russia and Ukraine is very important.
00:01:14.100I was very insistent that that meeting take place. I think good things can come out of that meeting. Stop the bloodshed of the horrible. It's a bloodbath. But 5,000 more. It's really much more. I'm trying to be conservative. More than 5,000 soldiers.
00:01:33.100Russian. They're not American soldiers. They're from Russia. They're from Ukraine. But they're people. They're human souls. And they're being killed at levels that we haven't seen since the Second World War.
00:01:43.600And it's every week. A lot of drone fighting. It's a whole new form of warfare. And it's violent and vicious. And so that's it. I'd like to go back to China just for a second. They're very heavy on the fentanyl.
00:01:59.940We're charging them, as you know, 20 percent for the fact that they send fentanyl into our country. And they've agreed that they're going to stop that. And, you know, they'll be rewarded by not having to pay, you know, hundreds of billions of dollars in tariffs.
00:02:16.180So the fentanyl should stop. It comes from China. It's amazing. And it comes through our southern border. It comes through our northern border, too. It comes through Canada and comes through our southern border, much more through, much more through the southern border.
00:02:31.780But so that's a very important subject to me because everybody in this room has lost friends or people that have family members that have died of fentanyl.
00:02:43.040So there's a big incentive for China to stop. And I take them at their word. They're going to work on that, I think, very hard. And one thing, when they work on something, they get it done.
00:02:53.520So now I'm about to depart on a historic visit. Some of you are going with us to, as I said, Saudi Arabia, Qatar, and United Arab Emirates.
00:03:04.240Before I do, I'll sign one of the most consequential executive orders in our country's history. I don't think there's ever been anything signed like this, certainly not with respect.
00:03:13.040To health care, nothing even close. I'm delighted to be joined on this occasion by Secretary of Health and Human Services, Robert F. Kennedy, Jr., who is doing a really good job.
00:03:23.900I have to tell you that. And a CMS administrator and a friend of mine, Dr. Mehmet Oz, who is an amazing guy.
00:03:33.140You know, I was telling Bobby before, Oz had a very successful show, but it hurt his reputation, because when you're in show business, it hurts your reputation a little bit.
00:03:44.520It's good for you. It's good for you. But in terms of professionalism and being a doctor, it sort of hurts your reputation.
00:03:50.640This guy went to the best schools, was the best, I mean, top, top, top of the line.
00:03:55.600Then he did a television show. It became a success. Made a lot of money, all that stuff, but it sort of hurt him.
00:04:03.280And you know who I compare that to? I hate to say this, but a special woman, Jeanine Pirro.
00:04:08.580She was the toughest, smartest DA maybe in our countries, in our cities and states' history, New York.
00:04:16.360She was really tough, really sharp. Then she did a show, and people didn't think of her quite the same way.
00:04:24.200She became more of an entertainment person, like Oz. Oz is not an entertainer, but he's not really an entertainer.
00:04:30.020You know the real story. And she isn't either. She is unbelievable.
00:04:33.320She was one of the strongest district attorneys in the history of New York.
00:04:38.840Highly respected, very tough, went after the drug dealers at a level that you don't see today anymore.
00:04:48.040And hopefully she's going to be, she's given up a tremendous, she's leaving the number one show on cable television,
00:04:54.240one of the number one shows on television, period. The Five, but they've got great people left behind.
00:04:59.400But she was a big part of it. And so I equate it to that. Jeanine Pirro is unbelievable.
00:05:05.060FDA commissioner, Dr. Marty McCary, with a reputation that's second to none, and the job he's doing already has been fantastic.
00:05:14.200Thank you, Marty. And director of National Institute of Health, Jay Bhattacharya, who has been, as you know, from Stanford,
00:05:24.380so highly regarded, and have all been working with us very hard on this.
00:05:28.360And the question they would ask, being a little bit new to the government aspect of it, is why hasn't, why doesn't somebody fight the drug price situation, meaning equalization?
00:05:38.600There's a term, it's called equalization. Nobody wants to mention that term.
00:05:43.700And I'm not knocking the drug companies. I'm really more knocking the countries than the drug companies, because they're forced to do things.
00:05:52.220But the drug lobby is the strongest lobby in this country, they say, the drug lobby.
00:05:58.980It's between that and lawyers. And they have a lot of power.
00:06:04.240But starting today, the United States will no longer subsidize the health care of foreign countries, which is what we were doing.
00:06:11.060We're subsidizing others' health care.
00:06:12.700Countries where they paid a small fraction of what, for the same drug, that what we pay many, many times more for,
00:06:21.500and will no longer tolerate profiteering and price gouging from big pharma.
00:06:26.420But, again, it was really the countries that forced big pharma to do things that, frankly, I'm not sure they really felt comfortable doing.
00:06:36.060But they've gotten away with it, these countries.
00:06:37.700The European Union has been brutal, brutal.
00:06:41.560And the drug companies actually told me stories.
00:06:43.880It was just brutal how they forced them.
00:06:46.020And the European Union is suing all our companies, Apple, Google, Meta.
00:09:36.280So for the first time in many years, we'll slash the cost of prescription drugs.
00:09:40.220And we will bring fairness to America.
00:09:42.500Drug prices will come down by much more, really, if you think.
00:09:47.620If you think of a drug that is sometimes 10 times more expensive, it's much more than the 59 percent.
00:09:56.340You know, it depends on the way you want to analyze it.
00:09:58.240But in one way, you could analyze it that way.
00:10:00.500But between 59 and 80, and I guess even 90 percent.
00:10:05.400So when I worked so hard in the first term, and if I got prices down, remember, I was the only one to ever get prices down for a full year.
00:10:14.040But I'd get them down like 2 percent, and I thought it was like a big deal.
00:10:17.200Well, we're getting them down 60, 70, 80, 90 percent.
00:10:23.020But actually more than that, if you think about it in the way mathematically.
00:10:28.060And Farmer has to say, we're sorry, but we'll not be able to do this any longer to these countries that have been so tough.
00:11:06.800I said, when you score, you're going to have to score two things.
00:11:09.400You're going to have to, number one, score that hundreds of billions of dollars of tariff money is coming in.
00:11:14.800But even bigger than that, you're going to have to score that your cost for Medicaid and Medicare and just basically pharmaceuticals and drugs is going down at a level that nobody has ever seen before.
00:15:27.500So we're no longer paying 10 times more than another country.
00:15:31.780Whoever is paying the lowest price, we will look at that price, and we will say that's the price we're going to pay.
00:15:37.700Most Favored Nations, that's what it is.
00:15:42.740One breast cancer drug costs Americans over $16,000 per bottle.
00:15:48.940But the same drug from the same factory manufactured by the same company is one-sixth that price in Australia and one-tenth that price in Sweden.
00:17:27.720But this makes it just makes everything work.
00:17:30.000And I don't want to have a bad form of health care work because of the fact I was able to cut drug prices by 80 or 90 percent.
00:17:40.440So we're going to maybe come up with something.
00:17:42.400I think this gives the Republicans a chance to actually do a health care that's much better than Obamacare and for less money, which you guys would work on that along with Congress.
00:17:52.060But I do want to say that Democrats could have done this a long time ago.
00:17:56.460They have fought like hell for the drug companies, and they knew they were doing the wrong thing.
00:18:02.900I was just telling the leader and the speaker that it's going to be very hard for the Democrats to vote against the one big, beautiful deal, the greatest tax cuts in history, greatest everything.
00:18:17.120But now you have the big drug prices because that's going to be included.
00:18:20.460It makes that whole situation different from a scoring standpoint.
00:18:33.960You better tell your people that this is going to score really well.
00:18:37.740And then add hundreds of billions of dollars in tariffs to your list also.
00:18:44.220But as big as the tariffs are, this is something that really hits quickly.
00:18:47.800Five years ago, I signed an executive order to confront this disaster, but only confront it in a minor way.
00:18:56.020It was a good confrontation, but never to this extent.
00:19:00.740It took people a little while to understand a very complicated system.
00:19:05.780But Joe Biden, without any knowledge of what he was doing, terminated the policy and then pretended to negotiate under a new system.
00:19:12.980And then you take a look, five out of the ten drugs that he negotiated are now over 200 percent more expensive in America than the rest of the world and far more expensive than when he even got involved.
00:19:28.920Much more expensive than when he got involved.
00:19:31.080Joe Biden's plan was, as you know, because you wrote about it.
00:19:34.820You don't say it very loudly, but it was a very big failure, was his whole presidency.
00:19:39.080First, I'm directing the U.S. trade representatives and Department of Commerce to begin investigations into foreign nations that extort drug companies by blocking their products unless they accept bottom line and very low dollar amounts for their product, unfairly shifting the cost burden onto American patients.
00:19:58.800And we'll be taking a look at that very strongly.
00:20:02.100The biggest thing we're going to do is we're going to tell those countries, like those represented by the European Union, that, you know, that game is up.
00:21:03.280Some prescription drug and pharmaceutical prices will be reduced almost immediately by 50 to 80 to 90 percent.
00:21:11.240Big Pharma will either abide by this principle voluntarily or will use the power of the federal government to ensure that we are paying the same price as other countries.
00:21:21.880To accelerate these price restrictions and reductions, my administration will also cut out the middlemen.
00:21:29.260We're going to totally cut out the famous middlemen.
00:21:39.600We're going to cut out the middlemen and facilitate the direct sale of drugs at the most favored nation price directly to the American citizen.
00:21:48.000So we're cutting out, probably, the middlemen.
00:22:11.760And we'll insist, and we're going to help the drug companies with the other nations, because those other nations do a lot of trading with us.
00:22:17.880They need our trade, just like China needed us very badly.
00:22:48.860We never had people that knew how to do that.
00:22:50.880We'll also open up America's market to safe and legal imports of affordable drugs from other countries, putting dramatic downward pressure on prices.
00:22:59.740And if necessary, we'll investigate the drug companies, and we'll, in particular, investigate the countries that are doing this.
00:23:08.440And we will add it on to the price that we charge them for doing business in America.
00:23:16.380In other words, we'll add it on to tariffs if they don't do what is right, which is everybody should equalize.
00:23:22.720Everybody should say pay the same price, and special interests may not like this very much, but the American people will.
00:23:30.700I mean, I am doing this for the American people.
00:23:34.080I'm doing this against the most powerful lobby in the world, probably, the drug lobby, drug and pharmaceutical lobby.
00:23:41.560But it's one of the most important orders, I think, that's ever been signed, certainly with regard to health care or health in the history of our country.
00:24:04.380This is an issue that, you know, I grew up in the Democratic Party, and every major Democratic leader for 20 years has been making this promise to the American people.
00:24:13.580This was the fulcrum of Bernie Sanders' runs for presidency, that he was going to eliminate this discrepancy between Europe and the United States.
00:24:23.340But as it turns out, none of them were doing it.
00:24:27.420And it's one of these promises that politicians make to their constituents, knowing that they'll never have to do it.
00:24:33.900And the reason they'll never have to do it is because they know that Congress is controlled in so many ways by the pharmaceutical industry.
00:24:43.200There's at least one pharmaceutical lobbyist for every congressman, every senator on Capitol Hill, and every member of the Supreme Court.
00:24:49.700Some estimates three pharmaceutical companies, the industry itself, spends three times what the next largest lobbyist spends on lobbying.
00:25:02.480So this was an issue that people talked about, but nobody wanted to do anything because it was radioactive.
00:25:11.340They knew you couldn't get it by Congress.
00:25:12.960We now have a president who is a man of his word, who has the courage.
00:25:20.100President Trump was taking money from the pharmaceutical industry, too.
00:37:05.200And when you see the, and you don't want to see it, but when you see the satellite photographs of the battlefield with arms and legs and heads all over the place, separated by 30 yards from bodies, it's not, does it make sense?
00:37:37.740If a longer-term deal is not reached with China at the end of these 90 days, can the American people expect those tariffs to go back up to 145 percent?
00:37:46.440No, but they would go up substantially higher.
00:37:49.920You know, at 145, you're really decoupling because nobody's going to buy.
00:37:53.200But they can go, they got very high because of additional tariffs.
00:37:58.140I applied during the course because of fentanyl and other things.
00:38:01.120But no, but they'd go substantially higher.
00:38:03.120And then on Qatar, Mr. President, has-
00:38:04.660I think you will have a deal, however.
00:38:06.040You're confident that there will be a deal on Qatar.
00:38:08.600Has Qatar asked for anything in exchange for that $400 million luxury jumbo jet?
00:38:14.960And how can the American people be so sure that they will not in the future?
00:38:18.360Well, I think what happens with the plane is that, you know, we're very disappointed that it's taking Boeing so long to build a new Air Force One.
00:38:24.960You know, we have an Air Force One that's 40 years old.
00:38:27.400And if you take a look at that compared to the new plane of the equivalent, you know, stature at the time, it's not even the same ballgame.
00:38:35.180You look at some of the Arab countries and the planes they have parked alongside of the United States of America plane.
00:39:00.980I got the price down much lower, and then when the election didn't exactly work out the way that it should have, a lot of work was not done on the plane because a lot of people didn't know.
00:39:13.480They made change orders that were so stupid, so ridiculous, and it ended up being a total mess, a real mess.
00:39:20.840And when I came back, I said, by the way, what's going on with the Boeings that are coming in?
00:39:25.820Well, sir, they're way behind, and they are.
00:39:28.060They were way behind another mess that I inherited from Biden, and it's going to be a while before we get them.
00:39:35.560And I think Qatar, who has really- we've helped them a lot over the years in terms of security and safety.
00:39:43.580I felt they- I think- and very, very nicely, and I have a lot of respect for the leadership and for the leader, Qatar.
00:39:50.060And I think they very- they knew about it because they buy Boeings.
00:39:53.680They buy a lot of Boeings, and they knew about it, and they said we would like to do something, and if we can get a 747 as a contribution to our Defense Department to use during a couple of years while they're building the other ones, I think that was a very nice gesture.
00:40:14.060Now, I could be a stupid person and say, oh, no, we don't want a free plane.
00:41:51.760Mr. President, on the hostage, you said that the release of the American hostage, Adam Alexander,
00:41:58.160is a step in good faith to end this war.
00:42:01.280Do you expect any progress, perhaps announcement on ceasefire during your trip to the Middle East?
00:42:07.520We hope that we're going to have other hostages released, too, as you know.
00:42:11.620So when I met with the hostages three weeks ago that were there for quite a while, you remember the 10 people that came in, mostly young people.
00:44:40.360And on top of that, of course, you wouldn't have the tariffs without the election, I guess, if you look at it.
00:44:45.060But we have at least 11 committed massive car factories that are going to be built, that are going to be, that are in the process of being built.
00:44:57.420And some are going through, some have actually started.
00:45:00.340We also have renovations of existing factories where they weren't utilizing the full factory from years gone by.
00:45:07.640And now they're under full renovation.
00:45:09.560They'll be opening up full factories in a very short period of time.
00:45:12.140Our car industry, I think we're going to have the number one industry.
00:45:15.580You know, if you look at Japan and these others, they do tremendously with cars.
00:46:27.840Dozens of Afrikaners who claim discrimination in their home country are heading to the United States, where your administration is going to welcome them as refugees.
00:46:40.880Now, this comes as you've halted virtually all refugee admissions for people to claim famine and war through countries like Sudan, the Democratic Republic of Congo.
00:46:49.580Why are you creating an expedited path into the country for Afrikaners but not others?
00:46:54.580Because they're being killed, and we don't want to see people be killed.
00:46:59.940Now, South Africa leadership is coming to see me, I understand, sometime next week.
00:47:05.400And, you know, we're supposed to have, I guess, a G20 meeting there or something.
00:48:26.640I think they want the deal very badly.
00:48:28.560Again, this doesn't include the steel tariffs that I put on a long time ago that Biden tried to get off, but he couldn't get them off because it was too much money.
00:48:36.060You know, I took in hundreds of billions of dollars from China, which a lot of people don't know, but we put on the tariffs originally.
00:48:41.760And if I didn't do that, we wouldn't have a steel industry today.
00:48:44.260Now we have a thriving steel industry.
00:48:46.800It'll be thriving much more with what we're doing because this is the next level, but it doesn't include that, doesn't include cars, doesn't include pharmaceuticals when we do that.
00:48:55.940And the reason we're doing that will be to get them to come back in the country.
00:48:59.640You know, there are, again, I always say it because a lot of people forget, but if a company like Eli Lilly, which is making a massive investment in the United States right now, they're building many, many plants.
00:49:11.820They've already started like seven of them, many plants, but they are not going to be tariffed.
00:49:22.400They're all coming back to the United States.
00:49:24.120I mean, I'll tell you what, I hope I get the benefit of watching this because, as president, because, you know, it takes a little while to do this stuff.
00:49:32.980And we're doing it early in the administration.
00:49:36.300If you think of it, we have, I believe, if you look at the real total, it's over $10 trillion committed for plants and factories.
00:49:46.600Other administrations haven't had $1 trillion over a four-year period, even over an eight-year period.
00:49:53.420We have over $10 trillion committed in one form or the other over two months.
00:59:06.440My co-host from the beginning of the war room, Jason Miller, is in the house.
00:59:11.960Jason, this started this morning with us at 3 a.m. Eastern time when Scott Besant stood to step to the microphones in Geneva about the trade deal.
00:59:25.440And, Steve, I'll tell you, as I set my alarm to get up this morning to watch Secretary Besant and Ambassador Greer, which, you know, some people set their alarm to wake up and watch an Olympic team on the other side of the planet.
00:59:35.460And so I come back into the room, my wife's like, what are you doing?
00:59:38.880I'm like, I was watching the press conference with, the trade press conference in Geneva.
00:59:42.560And she goes, who are you on the phone with?
01:00:31.660And now we know the atrophy, we'll get into this later, but how Biden, these guys just, even the Chinese said, we don't know what happened.
01:00:37.820These guys couldn't even talk to them.
01:00:43.160Plus then the 10 percent that we talked about, the universal baseline tariff.
01:00:47.240So it's 50 percent on them, 10 percent that they have on us.
01:00:51.340So right away, the president got them to take their way down.
01:00:54.160Still, this does not even count the tariffs on strategic industries, whether it be semiconductors or automobiles or steel and aluminum, or as we start talking about pharmaceuticals.
01:01:04.320So when we talk about what's the shift, the tectonic plate shift of what's already happening for not just jobs coming back to the U.S., not just foreign investment coming to the U.S., but also think about all the jobs and industries have moved away from China, whether they're going to other Southeast Asian countries or they're going to India.
01:01:20.200You think of what's happening with Apple, for example.
01:02:08.680So that's what we need, and that's what I think President Trump is doing.
01:02:12.080Keep in mind, this is just with regard to China.
01:02:14.480All the tariffs still remain when it comes to the EU, when it comes to other trading partners.
01:02:18.860Of course, we've got the deal done with the UK, but President Trump is going to get wins from all these countries.
01:02:24.440You just got back from Southeast Asia.
01:02:26.380They're all looking, whether it's Japan, South Korea, Philippines, Vietnam, India, the big group of the East Asians, Indo-Pacific, Australia.
01:02:36.380These are all stacked up that Besson is going to come back when he gets back from Saudi Arabia and start closing on it.
01:02:42.880Yeah, and the other thing, too, is keep in mind it's not just these deals.
01:03:12.960In Singapore, because Singapore, since Hong Kong's been shut down from us, I mean, you and I, you spend a lot of time there.
01:03:19.560Since that's been shut down from us, Singapore has become the new center of gravity on the financial, really the capital market outside of Tokyo in Asia.
01:03:26.620That's where all the deals are being done.
01:03:27.900So when you think about what's at the dead center of the quad, it's really it's Singapore.
01:03:31.540Obviously, Singapore is not a member, but whether it's Australia, India, Japan, South Korea, ourselves, you think about all the key allies in the area.
01:03:40.700Singapore's right at the dead center of all of it.
01:03:43.340And these countries want to be teamed up with us.
01:03:48.600And the did you get any any pushback at all when President Trump kind of called guys out for the non tariff barriers, which is so key here.
01:04:17.740I think the the independence here, the Fed, I know sometimes the president likes to go in that tee up our man Jay Powell a little bit.
01:04:24.740But having the independence of the Fed is a pretty important thing when you talk about global currency.
01:04:30.060So they have to go and change some of these non tariff barriers.
01:04:32.960There are a lot of sticky points, say, with with regard to Japan and agriculture is a big one.
01:04:38.540But they have to if they want us to take their products, then they have to open up the market stars market up right now about a thousand points.
01:15:07.240The other thing that people forget, when you have the destabilization between Russia and Ukraine, what that does is that kills business investment, whether it be not just in Central and Eastern Europe, but really in all of Europe.
01:15:20.280People get nervous about what's going on.
01:15:22.240It changes what's happening with the global oil and energy supply.
01:16:05.340You've got the debt ceiling comes due in the first couple weeks of August.
01:16:09.520You've got the big, beautiful bill, how that lumber's through here.
01:16:12.000You've got the mass deportations, the court situation, plus the kinetic part of the third world trying to balance all these different zones of conflict.
01:16:19.800Now Kashmir and Pakistan thrown in there.
01:16:21.620Make us smart the next hundred days or so.
01:17:21.380There will be some Biden appointee in Rhode Island or some blue state, some Democrat-appointed judge.
01:17:26.600Then that holds for the entire country.
01:17:28.860That is not the equal balance of power.
01:17:31.540Do you believe that, as I've been saying now, that the court leaves the last week of June.
01:17:35.820They come back in the first week of October.
01:17:38.380This has to—this part of it has to be resolved.
01:17:41.240You can't have a summer with this open where these judges are still making these decisions and stopping the deportations of these criminal terrorists?
01:17:48.740It is. I mean, in many ways, I think I said this once before, that effectively they just traded their pink hats for black robes.
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