Trump visits Saudi Arabia, Qatar and the UAE on his first stop on his trip to the Middle East. President Trump meets with Saudi Arabia s Crown Prince, Mohammed bin Salman, and signs an executive order to reduce the cost of prescription drugs in America.
00:00:00.000Hello, everybody. I'm John Fossil with this Great America Show midday update for Monday, May 12th.
00:00:04.600Happy Monday, folks. President Trump is wheels up to Saudi Arabia, starting his trip in Saudi Arabia.
00:00:10.640Also, we'll be visiting with Qatar and the UAE, looking to maybe make some business deals, get some investments here in America.
00:00:17.980The first stop on the agenda will be Saudi Arabia.
00:00:21.520President Trump meeting with Mohammed bin Salman, crown prince, pledging $600 billion in investments in the United States over the next four years.
00:00:28.880That was after President Trump first took office.
00:00:32.180President Trump saying, quote, last time they put up $450 billion, but this time they've gotten a little bit richer.
00:03:02.560President Trump getting a lot of stuff done before heading off on that trip to the UAE.
00:03:08.300Earlier this morning, President Trump signed executive orders to reduce drug prices in America to rates similar to those that other nations pay.
00:03:16.360President Trump signing that executive order in the Roosevelt Room.
00:03:18.960He was with HHS Secretary RFK Jr., Centers for Medicaid and Medicare Services Administrator Dr. Oz, NIH Director Dr. Jay Bhattachara, and FDA Commissioner Marty McCary.
00:03:31.500RFK Jr. gave a few words to the press and really called out the Democrats and what they've been lying and promising for many, many years that President Trump seemingly has been able to do in just over 100 days.
00:03:51.220This 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.
00:04:00.560This was the fulcrum of Bernie Sanders' runs for presidency, that he was going to eliminate this discrepancy between Europe and the United States.
00:04:10.100But as it turns out, none of them were doing it.
00:04:14.240It's one of these promises that politicians make to their constituents, knowing that they'll never have to do it.
00:04:20.740And 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.
00:04:29.000There's at least one pharmaceutical lobbyist for every congressman, every senator on Capitol Hill, and every member of the Supreme Court.
00:05:11.560But he can't be bought, unlike most of the politicians in this country.
00:05:17.920And he is standing here for the American people.
00:05:21.600I don't know what, you know, there's writers like Elizabeth Warren or Robert Reich who are saying that President Trump is on this side of the oligarchs.
00:05:31.920There has never been a president more willing to stand up to the oligarchs than President Donald Trump.
00:05:39.460And I'm very, very proud of you, Mr. President, for your courage.
00:05:44.760I'll say, because I don't want to be crude, your intestinal fortitude, your stiff spine, and your willingness to stand up to the American people.
00:05:59.020And there's a reason why he's so liked by Republicans.
00:06:01.640And he used to be liked by Democrats until he decided to come to the winning team.
00:06:06.260Great man and says it exactly how it is.
00:06:08.520Now, over the weekend, in the prior administration, you would have seen Joe Biden on the beach somewhere eating an ice cream cone on a cheap lawn chair, sleeping.
00:06:17.280But over this weekend, while President Trump was working, so was Scott Besant, Treasury Secretary.
00:06:22.540The White House announced it over the weekend, a historic trade deal with China.
00:06:28.880President Trump and his team secured on Sunday, cutting both countries' tariffs on imported goods from 115% for at least 90 days.
00:06:37.080U.S. Trade Rep. Jameson Greer and Treasury Secretary Scott Besant held those discussions in Geneva, Switzerland with the Chinese representatives.
00:06:44.780These talks aimed at addressing the escalating trade war, which has seen the U.S. imposed trade tariffs as high as 145% on Chinese goods,
00:06:53.500with China retaliating on 125% tariff on American goods.
00:06:57.920Along with promising to address the fentanyl issue and the fentanyl crisis that China seemingly sent over to America,
00:07:04.600China will also be buying more American goods now, opening up for Americans to make money,
00:07:10.040whereas on the other side, China's been making money on the backs of Americans for many years.
00:07:14.300Folks, please be sure to join us today for The Great America Show and each and every day for The Great America Show and The Great America Show midday updates.
00:07:20.240I'm John Fossett with this midday update.
00:07:22.560We'll see you at 6 p.m. Eastern time for The Great America Show.