U.S. President Donald Trump mocked nations impacted by American tariffs, claiming they are eager to negotiate on his terms. Speaking at the National Republican Congressional Committee, Trump highlighted his negotiation skills. He confidently stated that he is more effective than Congress when it comes to securing favorable trade agreements.
According to Trump, countries hit by tariffs are desperate for new deals. He explained that these nations are reaching out, eager to make arrangements. Trump dismissed the idea that Congress should take over trade negotiations. He argued that if Congress handled negotiations, punitive tariffs like the 104% on China would never have occurred.
Trump took aim at certain Republican lawmakers who proposed giving Congress more control over trade discussions. “You don’t negotiate like I negotiate,” Trump asserted. He warned that congressional involvement would lead to weaker deals, ultimately hurting the U.S. economy. According to Trump, such involvement would benefit countries like China, who would no longer face high tariffs.
The President also hinted at introducing new tariffs aimed at the pharmaceutical industry. He pointed out that the U.S. heavily relies on foreign made medications, which often cost much more domestically. Trump suggested that new tariffs would encourage pharmaceutical companies to relocate production to the U.S. The country’s large consumer market would make it an attractive destination for these companies.
“We’re going to tariff pharma in such a way that companies will come rushing to us very soon,” he said. Trump promised an official announcement would follow soon. Once tariffs are implemented, manufacturers operating in countries like China will likely shift operations to the U.S., Trump predicted.
These proposed pharmaceutical tariffs would significantly impact both the U.S. economy and the global market. Trump emphasized the need to bring production back to the U.S. to ensure that American consumers benefit. By doing so, he hopes to encourage job creation and reduce costs for domestic consumers.
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