Donald Trump won’t stop lying about his dangerous plan to decrease drug prices in the stupidest way possible.
“This is something that nobody else can do,” Trump said during a reception with members of Congress Tuesday night. “We’re gonna get the drug prices down. Not 30 or 40 percent, which would be great, not 50 or 60, no. We’re gonna get ‘em down 1,000 percent, 600 percent, 500 percent, 1500 percent.”
He bragged that he could use a “certain talent” to reach “numbers not even thought to be achievable.” If anything, the president’s certain talent is to offer hyperbole in place of actual policy.
Trump’s phony math didn’t stop there. “We will have reduced drug prices by 1,000 percent, by 1,100, 1,200, 1,300, 1,400, 700, 600, not 30 or 40 or 50 percent, but numbers the likes of which you’ve never even dreamed of before,” he added later.
Is it all of those numbers? Is it any of them? In reality, the president’s disastrous tariff policies have threatened to send drug prices skyrocketing. A report commissioned in April by a group of pharmaceutical companies found that even a 25 percent tariff on pharmaceutical imports would raise drug costs by $51 billion annually. Trump’s latest proposal involves a 200 percent tariff on pharmaceuticals, with little concern for the Americans who need regular access to prescription medications.
On Tuesday, Trump also said that he would use import restrictions to force foreign drug suppliers to cut prices, which seems at odds with his own designs to boost domestic drug manufacturing.
The issue of prescription drug prices being nearly three times higher for Americans than consumers in the rest of the world is gravely serious, but the president has chosen to meet the moment with made up statistics.
Trump has a penchant for inventing numbers to oversell his economic policies. He previously claimed that he’d already struck 200 trade deals—but he’s signed fewer than 10. And he won’t stop claiming that gas prices across the country have dipped under $2, when in reality, the lowest state average is $2.71, and the national average is over $3.
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