Donald Trump recently mocked world leaders who are seeking to make a trade deal. “These countries are calling us up, kissing my a**,” he said.
President Trump went on to say that the countries are desperately trying to make a deal. Mocking the leaders, he quoted them as saying, “Please, please sir make a deal. I’ll do anything. I’ll do anything, sir.”
Trump made the remarks while addressing a fundraising gala for House Republicans on Tuesday, April 8, night. He also slammed Republicans who suggest the Congress should take over negotiations. “Let me tell you, you don’t negotiate like I negotiate,” Trump said.
Donald Trump to announce major tariffs on the pharma sector soon
Trump made the remarks shortly after the White House announced that the US tariffs on Chinese imports will rise to 104% from Wednesday, April 9. A White House official told CNBC that the tariff would proceed as planned shortly after the president threatened a 50% increase unless Beijing dropped its 34% retaliatory duties on American goods by Tuesday. Trump had also stressed that China faced a firm noon deadline by which it can reverse its tariffs.
At the fundraising gala, Trump also said he would be announcing major tariffs on the pharma sector. He said pharmaceuticals, drugs and other things are going to get better. “They are made in other countries and you pay a number. I mean, the same package in our country, compared to London and other places, is sometimes 10 times more. Something that sells for $88 in London sells for $1,300 here, made in the same factory, by the same company. And that’s over. I told them all that’s over,” he said.
Trump noted that other countries tend to place restrictions on prices, which the pharmaceutical companies agree to, and then sell off their drugs for cheaper in those markets. He added that once the tariffs are imposed on pharmaceutical companies, they are “going to come rushing back” into the US. “Because we’re the big market, the advantage we have over everybody is that we’re the big market,” he said.
