Trump Vows to Slash Prices and Eradicate Inflation

On Monday, former U.S. President Donald Trump announced his administration's ambitious plan to significantly cut the cost of living across the nation. In a statement on his social media platform, Truth Social, Trump pledged to reduce medication prices by a staggering 59%, alongside cuts in gasoline, energy, and food costs, promising "No inflation! With love, DJT."

This declaration is part of a strategic communication campaign where Trump has vowed to tackle inflation and penalize the exploitation by major pharmaceutical companies and foreign nations that he claims have taken advantage of the United States for years. Previously, on Truth Social, Trump criticized the inflated cost of medications in the U.S., arguing that Americans have been unfairly burdened with financing global pharmaceutical expenses.

“For years, we were told it was due to research and development costs, but in the end, the 'fools' of America paid for everything. That ends now,” he asserted. In the same post, Trump announced the signing of one of the "most significant executive orders in the nation's history," aiming to lower drug prices by 30% to 80% through a "most favored nation" policy. This policy would mean that the U.S. pays no more for drugs than the lowest price paid anywhere else in the world.

Trump emphasized that such a policy would not only be fair to citizens but also save the country trillions of dollars, addressing what he described as decades of abuse by international allies and competitors. In a subsequent post, he expanded on his economic message, attributing record job growth and an influx of capital to his tariff policies. “It’s a financial revolution, and the Democrats are being crushed!” he proclaimed triumphantly.

Additionally, the Rapid Response 47 profile on the X network released a video of Trump critiquing the European Union. He accused the EU of forcing pharmaceutical companies to sell drugs at reduced prices while pursuing legal action against American companies like Apple, Google, and Meta. Trump alleged that these lawsuits, resolved in EU-centric courts, result in enormous fines of $15 billion to $20 billion, which are then used by these governments to fund their operations. “That won't happen anymore, that's over,” Trump declared firmly.

These statements reflect the nationalist and economic approach Trump has intensified since his return to power in January 2025. Unlike his previous campaign promises, his current rhetoric is backed by presidential authority, with a focus on establishing his second non-consecutive term through a controlled economy and a clear message: America first, prices down.

However, last April, Trump urged Americans not to be “weak” or “stupid,” but rather “strong, brave, and patient” in the face of the economic reforms he has implemented since assuming office. Moments before the New York Stock Exchange opened to another anticipated downturn, Trump defended his global trade war, urging, “United States has the chance to do something that should have been done DECADES AGO! Don’t be weak! Don’t be stupid! Don’t be a PANICAN (a new party based on weak and stupid people!),” he wrote on X. “Be strong, brave, and patient, and GREATNESS will ensue!” he added.

Meanwhile, the U.S. Federal Reserve recently stood its ground against the President, deciding to maintain interest rates at their current range of 4.25% to 4.5% while issuing a stern warning about the potential negative impacts of the new tariff policies on the economy. Amid increasing commercial tensions, Fed Chairman Jerome Powell warned that sustaining tariffs could likely lead to a dangerous mix of rising inflation, slowing economic growth, and increased unemployment, as reported by the EFE news agency.

Furthermore, last week, Trump announced plans to unveil a significant trade agreement with the United Kingdom, describing it as "the first of many" economic deals he intends to promote.