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Peter Navarro: “Big Pharma uses the United States basically as its golden…”

Featuring: Peter Navarro, Republican | Senior Counselor for Trade and Manufacturing, Trump Administration | National

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BREAKING NEWS: Peter Navarro, Trump's Top Trade Advisor, Speaks To Reporters After Shock PPI Report

Published | Video Starts at 11:58

So we can cross that bridge when we come to it. But I will say one of the things that President Trump is angry about, I think that's the right word, is the fact that Big Pharma uses the United States basically as its golden goose. It engages in what's called cross subsidization across global markets. And because of our status in terms of income levels and how price elasticity work, we pay higher prices for drugs than foreigners in other countries do where incomes are lower. (11:58–12:12)

CLAIM

Asserts that pharmaceutical companies exploit the U.S. market through cross-subsidization.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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