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To Lower Drug Costs at Home, Trump Wants Higher Prices Abroad

All of the world's 10 largest pharmaceutical companies operate globally

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Donald Trump
Trump open to meeting Kim again. (Wikimedia Commons)

US President Donald Trump Presented here on Friday his plan to lower drug prices in the US, a strategy that seeks, among other things, to force other countries to increase their drug prices to bring down costs at home.

“It’s time to end the global freeloading once and for all. I have directed US Trade Representative Bob Lighthizer to make fixing this injustice a top priority with every trading partner,” Trump said during a speech at the White House Rose Garden, Efe reported.

“We have great power over the trading partners; you’re seeing that already. America will not be cheated any longer, and especially will not be cheated by foreign countries,” the President added.

Trump argued that other countries take advantage of the US pharmaceutical industry and its investments in research and development, claiming that bringing downs costs at home would require increasing prices in foreign countries.

Representational image.
Representational image. Pixabay

All of the world’s 10 largest pharmaceutical companies operate globally.

Five of them are based in the United States, two in Switzerland, and one each in France, the United Kingdom and Germany.

“When foreign governments extort unreasonably low prices from US drug makers, Americans have to pay more to subsidize the enormous cost of research and development,” Trump said.

“In some cases, medicine that costs a few dollars in a foreign country costs hundreds of dollars in America for the same pill, with the same ingredients, in the same package, made in the same plant,” the real estate mogul said.

Also Read: Trump Administration Cancels NASA Plan to Track Greenhouse Gases

Trump considered that this situation was “unacceptable,” claiming that “it’s not going to happen any longer.”

According to figures from the Organization for Economic Cooperation and Development, US consumers spent $1,162 per person on pharmaceuticals in 2015, compared to $756 in Canada and $497 in the UK, where the government has established measures to control drug prices. (IANS)

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Donald Trump Trolled on Twitter after He Says Moon is a Part Of Mars

As soon as Trump tweeted, people from around the world started trolling him with witty one-liners, jokes and memes

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Donald Trump, Trolled, Twitter
Trump's remarks came a day after NASA Administrator Jim Bridenstine told USA Today that US astronauts would not be able to make a lunar landing . VOA

US President Donald Trump has left people astonished with his knowledge of space and the universe and has become a laughing stock yet again after he claimed that the moon is a part of Mars.

In a tweet on Friday, he said: “For all of the money we are spending, NASA should NOT be talking about going to the Moon – We did that 50 years ago. They should be focused on the much bigger things we are doing, including Mars (of which the Moon is a part), Defence and Science.”

Trump’s remarks came a day after NASA Administrator Jim Bridenstine told USA Today that US astronauts would not be able to make a lunar landing by 2024 unless Trump administration’s $1.6 billion budget increase request is not approved by the US Congress.

As soon as Trump tweeted, people from around the world started trolling him with witty one-liners, jokes and memes.

Donald Trump, Trolled, Twitter
US President Donald Trump has left people astonished with his knowledge of space . VOA

“Sigh! His dad must have paid his way through astronomy class too!” wrote American long-distance runner Ryan Hill.

“Trump’s knowledge on this matter is one small step for man, one giant leap backwards for mankind,” said Emmy-nominated filmmaker Jeremy Newberger.

“Based on the President’s track record here on Earth, I don’t think NASA needs his input on how to handle space,” tweeted Sam Vinograd, national security analyst at CNN.

Earlier in May, Trump, who is infamous for making controversial statements, war threats and spelling errors on his Twitter handle, confessed that he uses Twitter as a “typewriter”.

Also Read- Don’t Stand and Eat, it May Up Stress and also Mute Taste Buds

Later, Twitter Co-founder, Ev Williams called Trump “master” of the platform, arguing the potential negative effects of the President’s tweets on the country’s political discourse are “trivial compared to the effect of the broader media”.

Mars has two moons – Phobos and Deimos – however, the Moon which orbits the Earth is not a part of the Red Planet. (IANS)