Account

The Actual News

Just the Facts, from multiple news sources.

Trump's epic economic and drug figures fizzle under scrutiny

Trump's epic economic and drug figures fizzle under scrutiny

Summary

The article examines certain claims made by President Trump about his administration's achievements in reducing drug costs, tariffs, and economic growth. It points out that some of these assertions are not supported by available data. Experts and reports challenge the accuracy of these statements, suggesting they might be misleading.

Key Facts

  • President Trump stated drug costs would decrease by 1,000%, linking this to the high prices Americans pay compared to other countries.
  • The price of the drug Eliquis was mentioned as $521 in the U.S., significantly higher than its cost in Australia.
  • Experts argue that achieving a 1,000% reduction in drug prices is very difficult without changing the U.S. healthcare system.
  • Trump claimed $17 trillion in revenue would result from tariffs, yet experts and reports indicate this figure is unrealistic.
  • The Congressional Budget Office reported that tariffs would reduce the economic size and federal deficits by $2.8 trillion over 10 years.
  • Trump made an incorrect claim that 300 million people died from drug use, a figure far off from actual death statistics.
  • Approximately 80,000 Americans died from drug overdoses in a recent year, according to the Centers for Disease Control and Prevention.

Source Information