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It is a well-documented fact that Donald Trump convinced himself and many of his supporters that prices are a fantastic corrective for the economy. Trump does not understand that prices are not paid by foreign countries but by American consumers.
Trump was not dissuaded by the reality that his first wave of prices brings the country closer to a recession, and he accelerated his campaign of American economic destruction by announcing that he will soon target prescription drugs and will increase the price of even higher.
Speaking in the oval office, Trump said:
It is also exciting because of what is happening with other aspects. We will make prices on pharmaceutical products in order to bring back our pharmaceutical industry. We do nothing here to, in terms of drugs, medical medications, different types of drugs you need. Drugs from other countries, widely made in China.
Much of this in Ireland. Ireland was very intelligent. We love Ireland. But we are going to have that, we are going to have wood. We will free up some of our land, and you can meet many other standards such as Fire Cups. If Los Angeles had fire cuts, which they did not have, it is a gap of half a terrain between the areas, you would not have had the fires, they would have been contained.
But you have cuts of fire. And by the way, you sell this wood for a lot of money, a lot of profit.
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The big news was that Trump announced that he was putting a 25% rate on all cars not manufactured in the United States, which is practically all cars produced.