National Economic Council Director Larry Kudlow discusses the Sept. Jobs report, the ISM manufacturing and non-manufacturing reports and the next stages of U.S.-China trade negotiations.

Kudlow notes job growth in the Household survey was a stunning 391,000 in September.

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Kudlow also appeared on Bloomberg to discuss similar aspects of the latest reports (below).

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Earlier today President Trump traveled to The Villages in Florida to deliver a speech on protecting Medicare and sign an executive order therein.

The goal of the executive order is to: give patients more plan choices, more access to telehealth and new therapies, and more time with providers; streamline the approval of therapies, while reducing obstacles to improved patient care; and maximize freedom for Medicare patients and providers by reducing regulatory burdens and eliminating unnecessary barriers.  [Video and Transcript Below]

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[Transcript] – THE PRESIDENT: Well, thank you very much. Special place. Really special place. But where I’m disappointed: I said, “We could have had 25,000 people if we did it outside.” They said — (applause). Did you see all the people outside? They all want your seat. That’s the way life goes. (Applause.) And you’re not giving it up. I know you too well. You’re not going to give it up. Please sit down. Let’s enjoy it. Let’s enjoy ourselves.

AUDIENCE MEMBER: We love you, President Trump!

THE PRESIDENT: No, you got tremendous crowds out there — thank you. I love your leg. Look at that, he has my name tattooed on his leg. (Applause.) How did you get to The Villages? How do you get to The Villages? Huh? That’s great.

But I’m thrilled to be here in one of the most famous and thriving communities anywhere in Florida, and really anywhere in the world, as far as I’m concerned — The Villages. (Applause.)

In fact, I was thinking about moving to The Villages, but I just couldn’t leave Mar-a-Lago. I couldn’t leave it. (Laughter.) I got stuck at Mar-a-Lago. I don’t know.

But this has been a great area for us, and it’s been a great part of our victory. I don’t know if we got 100 percent, Ron, but it was pretty close, right? Anybody in there didn’t vote for us, right? No, we love it. And we met the folks that built The Villages and that run The Villages, and they’re out here someplace. And they’ve done a fantastic job. Where are they? Where — they’re here some place. Stand up, please. (Applause.) What a job you’ve done. Great job. Great job. And that was started with your grandfather and your father and you folks. And what a great job you’ve done.

You know, in my old days, I would have been jealous. Now I couldn’t care less about them. (Laughter.) It’s amazing. It’s amazing how being President can do that to you. (Laughter.)

So in my campaign for President, I made you a sacred pledge that I would strengthen, protect, and defend Medicare for all of our senior citizens. And you see it’s under siege, but it’s not going to happen. (Applause.)

Today, I will sign a very historic executive order that does exactly that: We are making your Medicare even better, and we are not letting anyone — it will never be taken away from you. We’re not letting anyone get close. (Applause.)

You see these people on the other side? These people are crazy, by the way. They’re totally crazy. (Laughter and applause.) But they want to take it away and give you lousy healthcare. It’s pretty incredible. You want to keep your doctors, right? Remember, with Obama — President Obama, right? He said, “You can keep your doctor. You can keep your plan.” That didn’t work out too well for the people.

AUDIENCE: Booo —

AUDIENCE MEMBER: We’re trying to forget.

THE PRESIDENT: Twenty-eight times. He said he’s trying to forget. (Laughter.) You better never forget, okay? Never forget.

As long as I’m President, no one will lay a hand on your Medicare benefits. And that’s what we’re here to do today. (Applause.)

This order is the latest step in my administration’s drive to ensure the world’s best healthcare for all Americans. Together, we’re creating a healthcare system that protects vulnerable patients, makes healthcare more affordable, gives you more choice and control, and delivers the high-quality care Americans deserve. And that’s what we’re doing — we’re strengthening our healthcare system to a level that nobody thought would be possible.

Our economy is booming. We’re doing fantastically well. I think it gets a little bit hurt by politics. (Applause.) But our country is so strong and our economy is so powerful that even politics, and even when you have the — the “Do-Nothings” — I call them the — really, the “Do-Nothing Dems.” They can’t even affect it very much. (Applause.)

We’ve created over 6 million new jobs since the election. The unemployment rate has reached a 51-year low. Two point — think of that. Think of that. (Applause.) Then, soon, it’s going to be a historic number, like so many of the other numbers.

2.5 million people have been lifted out of poverty. That means more Americans that now have — and that’s what it’s all about — they have a great way of life. They have affordable healthcare options and millions of seniors are enjoying better, healthier, and more prosperous retirements. I should be retiring with you. (Applause.) I should be in this audience, clapping. But I didn’t trust anybody to be standing here, because I know what you have. (Applause.)

AUDIENCE: Four more years! Four more years! Four more years!

THE PRESIDENT: Thank you very much. It’s true. I didn’t trust anybody. It’s very important.

And nobody has done more in two and a half years — their first two and a half years — than what we’ve done. Whether it’s Right to Try, whether it’s tax cuts — no matter what it is, nobody has done we’ve done. Not even close.

We’re delighted to be joined today by a man who is really, really good at — he ran one of the largest drug companies, and really successfully, and I took him out. Look, that’s where, you know, like — that’s where the money is. Well, that’s where the knowledge is.

He ran one of the biggest, most successful companies. I said, “Alex Azar, come on out. I want to get you to be the top person in charge of this.” I said, “So, let me ask you, how much bigger is this than the company you’re in?” It’s like hundreds of times bigger. It’s a monster. It’s a monster. And what a job. Alex Azar, you know who he is. Where is Alex? (Applause.) Wherever you are. Alex, thank you.

And he works with Administrator Seema Verma, who has been so incredible. Seema, you have to stand up. What a job. (Applause.)

They know the most intricate little quarter sentences. You wouldn’t believe it. I’d say, “What about this?” And they’d tell me, “Unfortunately, it’s always like a little roadblock, but we figure our way around.”

And somebody else who is going to be lowering your drug prices with us in a very, very short distance. We’re going to buying them from a slightly different source. A little bit unconventional. A lot of people say I’m unconventional; sometimes you have to be unconventional. (Applause.)

And, Alex, when are we are going to let Governor Ron DeSantis and your incredible First Lady Casey DeSantis — when are they going to be — when are they going to be able to do what we want to do? (Applause.) Alex, when are they going to be able to do what we have to do? “Soon.” Alex says, “Soon.” Because they’re going to have a big fat, beautiful surprise for you. And that has been an incredible couple and a great governor, and the job they’re doing is phenomenal. And I was honored to be very much involved in that campaign. (Applause.)

And if he was doing a lousy job, I’d probably just wouldn’t have shown up today. (Laughter.) But he’s doing one of the best jobs in the whole country. Ron DeSantis. (Applause.)

And also helping Ron and Casey: Jeanette Núñez, your Lieutenant Governor. Jeanette, thank you. (Applause.) Thank you. Thank you. Thanks, Jeanette. Great job.

Florida Attorney General Ashley Moody. (Applause.) Ashley, I saw you down there. Thank you. (Applause.) Thank you. Thank you very much.

And a few warriors we have with us. You know, Ron was one of our warriors. He was in Congress and he was fighting the Russian hoax. That was the Russian witch hunt hoax. And he was so impressive that when he said, “You know, I’d like to run for governor,” I said, “I’d rather keep you right where you are because they’ll come up with another crazy idea.” But I’m glad I did it. And it worked out well.
But we have warriors back in Washington, and you have five of them right here. Gus Bilirakis. (Applause.) Gus. Where’s Gus? Thank you, Gus. Great job. The legendary Neal Dunn. (Applause.) Neal, thank you. These guys are warriors. Ross Spano. (Applause.) Thanks, Ross. Michael Waltz. (Applause.) Michael. Great job he does on television. All of them, they do a great job. They’re defending us. They’re not defending me; they’re defending us, because that was the greatest election victory maybe in history. And they’re defending us. (Applause.)

And a man with one of the best names in the history of politics: Daniel Webster. (Applause.) What a name. If I had that name, I would’ve been President 10 years ago. (Laughter.) Thank you. Thanks, Daniel. Thanks, everybody. Great job.

They really are — they’re warriors. They go back and they fight, and they fight corruption. And it’s corruption, what’s going on right now. When you see this going on, it’s pure corruption.

As we gather this afternoon, Medicare is under threat like never before. Your know that. You have people that are running for office who — if it ever happened, you will not be very happy here.

Almost every major Democrat in Washington has backed a massive government healthcare takeover that would totally obliterate Medicare. These Democrat policy proposals may go by different names — they have all of these wonderful names like —
AUDIENCE MEMBER: Wacko! (Laughter.)

THE PRESIDENT: It’ll never end. I’m sorry I smiled. They’ll have me — the fake news is back there. Look at all of them.

AUDIENCE: Booo —

THE PRESIDENT: They’ll say, “It’s terrible. It’s terrible — the President’s smile.” You know, they want me to admonish you. Who said that? “Lock her up.” Stand up, please. (Applause.) I’m admonishing you. Never ever say that again. That’s okay. Sit down. (Laughter.) He’s admonished, so now they can’t do their fake number on us. Thank you.

But they may go by different names, whether it’s “single-payer” or the so-called “public option,” but they’re all based on the totally same, terrible idea. They want to raid Medicare to fund a thing called socialism. Any socialists in the room? I don’t think so. Not too many. Anybody?

AUDIENCE: Booo —

THE PRESIDENT: No? No? Not too many in The villages. You don’t — you’re not big on socialism down here, right? These geniuses — these real estate geniuses that know we’re not — not too good.

Every one of these plans involves rationing care, restricting access, denying coverage, slashing quality, and massively raising taxes. They want to raise your taxes.

They also want to have open borders, so the people can just come in and do whatever they want to do.

AUDIENCE: Booo —

THE PRESIDENT: And they have no idea who’s coming in, by the way. They have no idea. But, you know, when these countries — and now we’re getting along great with the countries. Mexico gave us 27,000 soldiers guarding our border and the numbers are way down. (Applause.) Twenty-seven thousand. I want to thank Mexico — the government and the President.

Congressional Democrats’ extreme agenda would destroy our booming economy very quickly. One of the most disturbing proposals from left-wing politicians involves draining your healthcare to finance the open borders that we just discussed. That’s how they want to finance it. Leading Democrats have pledged to give free healthcare to illegal immigrants. They put foreign citizens who break our laws and endanger our country — they put them way ahead of American citizens like you who obey our laws.

I will never allow these politicians to steal your healthcare and give it away to illegal aliens. (Applause.) And now, in New York, I hear they passed a new regulation that, if you use the word, “illegal immigrant” — did I hear correctly? They want to charge you a fine of $250,000. In other words, sell your home in The Villages because you happened to say, “We don’t like illegal immigrants pouring into our country illegally.” We want people to come into our country legally, through a process. And we’re all in favor of that. (Applause.)

And, by the way, the Fake News will cut that last part of the sentence off. (Laughter.) They’ll just put the first part. And they’ll say, “Man, is he rough? He’s too tough. I can’t vote for him.”

A nation must put its own citizens first. My administration is standing up for American seniors. (Applause.) And we’ll always protect the Medicare benefits you earned and paid for.

In the last administration, Democrats slashed Medicare by $800 billion dollars to pay for Obamacare. Not too good — Obamacare.

AUDIENCE: Booo —

THE PRESIDENT: Now one of their new proposals, backed by more than 130 Democrat members of Congress, would cost — listen to this number — $32 trillion dollars. And that’s on the low side — $32 trillion, with a “T”. We’re beyond the “B’s”, the billions. And reduce Americans’ household income by $17,000 per year. Is there anybody in this room that doesn’t mind losing $17,000 a year? No? In order to get lousy healthcare.

Though they use many labels, all of the Democrat plans would devastate our healthcare system. The fake moderates on the left are telling the same lies they did under the last administration. But the last administration, frankly, was moderate compared to the maniacs that you’re hearing from today. These are maniacs. (Applause.)

Elizabeth “Pocahontas” Warren. You know, when I used to hit her, I thought she was gone, Ron. I thought she was gone. She came up from the ashes. She emerged. (Laughter.) Now, we’re probably going to have to do it again, because I don’t see Sleepy Joe making it, I’ll tell you. (Laughter and applause.) No, I thought she was gone.

Under this administration, we believe that every American family has a right of choice — you have a right to choose. Choice. So important. Like what we did with the vets. Choice. Where they can go out and get a doctor instead of waiting in line for three weeks, four weeks, two months. (Applause.) Choice. And you look at the doctor and you look at the plan that is best for you.

The truth is, there is no longer a moderate wing of congressional Democrats. They’ve gone crazy. They’ve been hijacked by the radical left. I mean, these people on the left, these people are —

AUDIENCE MEMBER: Wacko! (Laughter.)

THE PRESIDENT: (Laughs.) Is that the same guy? I think so. (Laughter.) I sort of like him. I can’t admonish him again. (Laughter.) I think it’s the same guy. Got a powerful voice.

Democrat lawmakers are not trying to build up the country; they only want to wreck and destroy all of the things that we’ve built up over the last three and a half years, four years, five years — (applause) — prior to us getting in here. You look at the stock market numbers from the time of the election, from that November 9th date, go a date later. Wasn’t November 8 — was that one of the great times? Huh? (Applause.) 2016.

But go a day later, and you look at the numbers in the stock market up way over 50 percent. The 401(k)s are doing unbelievably well. One of these people gets in — your 401(k)s are going to hell, the stock market is going to hell. Frankly, I think — and I hate to say it — the country is going to go to hell. (Applause.)

They’re consumed by rage and radicalism and insatiable lust for power. Well, how about Justice Kavanaugh? They talk about a woman — (applause). They talk about a woman, about horrible things that he never even thought about. Horrible, horrible things. And the following day, they want to impeach him. And then, the following day, she said, “No, I don’t remember anything. I don’t remember that.” And they say, “We don’t care. We want to impeach him anyway.” Now, what they’re trying to do is turn his vote liberal. But he’s a much tougher guy than that. (Applause.) I hope. (Laughs.) He’s a much tougher guy.

AUDIENCE MEMBER: So are you!

THE PRESIDENT: Thank you. Yeah, I better be. I’ll tell you. If I weren’t, I wouldn’t be up here right now. With all that we have to put up with these people, we wouldn’t be here.

Democrat healthcare proposals would put everyone into a single, socialist, government-run program that would end private insurance for over 180 million Americans. I’m sort of smiling to myself as I — as I go through these numbers. And I’m dealing with people that I know. I mean, I know the people in this room. Those are the people. I grew up with you. When we were young, I grew up with you. And now we’re sort of still young at heart, at least. (Applause.)

And that I’m even talking about socialism is like — it’s just — it’s sort of a weird feeling to be talking to you about “you don’t want to be socialist.” And you’re probably saying, “Why is he wasting his time?” (Laughter.)

But there’s a movement on. And it’s not so easy to be beat them when they get up in a debate and they say, “We’re going to cut your college tuition to nothing. We’re going kno- — knock off $1.6 trillion. We’re going to do all these other things. Everything is free, except for your taxes.” Your taxes are going to go up at a level that nobody has even seen before and that won’t be nearly enough to pay for it.

But I’ll not let any of this bad stuff happen. It’s very important that we win this race. You know, when we won last time, I said, “That’s the most important election in our country’s history.” Because we were ready to go over the edge. (Applause.)

And now our country is doing great. But, you know, it’s like a plant — it’s like a tree. It has to grab — those roots have to grab hold. We still need more time. We’ve done so much, but we need a little more time. That thing has to grow and it’s got to get in there and then nobody is going to be able to take it down no matter what happens later on. So important. (Applause.)

In America, we believe in freedom and liberty, not government domination and government control. Today, standing in solidarity with our nation’s seniors, I declare once again that America will never be a socialist country — it will never be. (Applause.) Thank you.

AUDIENCE: Four more years! Four more years! Four more years!

THE PRESIDENT: You want to drive them crazy? Don’t do “four more years.” Say “eight more years.” You’ll drive them crazy. (Laughter.)

One of these crazy maniacs on a show was interviewing somebody — radical Left — and he goes, “You know he’s going to win, don’t you?” Big show. And the guy goes, “No, no. We’re going to fight him. We’re going to…” “No, no, no. He’s going to win. And you know he’s never getting out. You know that don’t you?” (Laughter.) “He’s not going to get out. You know he’s…”

And I thought, like — you know, he’s a comedian. I thought he was like kidding and having fun. He meant it. (Laughter.) These people are sick. They meant it.

Anyway — but, no, if you want to drive them crazy, just say “eight more years” or “twelve more years” — (laughter) — or “sixteen.” Sixteen would do it good. They would — (laughter) — you would really drive them into the loony bin. (Applause.)

And that’s why they do the impeachment crap, because they know they can’t beat us fairly. That’s the only reason they’re doing it. They can’t win. They can’t win. (Applause.) If they won, it would be a sad day for our country. It’ll be a sad, sad day for our country if they ever won.

Among those who would be hit hardest by the socialist takeover are 24 million seniors on Medicare Advantage — a lot of you. One out of two Hispanic seniors, one out of three African-American seniors is enrolled in Medicare Advantage. This very popular Medicare program — been around for a long time — allows private plans to compete to offer senior citizens the absolute best healthcare. They want to destroy it.

While many Democrat plans would eliminate Medicare Advantage, my administration is fighting to make it even better and much, much stronger. (Applause.)

And thanks to our efforts, there are nearly 1,200 more Medicare Advantage plans today than there were just two years ago. Think of that. (Applause.) Premiums have plummeted by 28 percent; they’ve gone down. And they’re now at the lowest level in over 10 years.

With us today is Corey Spangler. She lives just up the road in Summerfield. Corey, please tell us some of what we’ve been discussing on Medicare Advantage and your plan, and how important it is to you. Please, come up, Corey, wherever you may be. Oh, Corey.

MS. SPANGLER: I’m right here. (Laughter and applause.)

THE PRESIDENT: Thank you, Corey.

MS. SPANGLER: Okay. My family came to America from Mexico when I was five years old because my father did not like the corruption and we had socialized medicine there. He came to this country legally.

And when I turned 65, I had some heart issues. I went to the doctor. They scheduled me with a cardiologist. He scheduled me for a stress test on a Wednesday. Pass — I didn’t — I failed that test. So he scheduled me for a heart cath the next day. I failed that. They told me you need to have a bypass and I was going to have five bypasses done.

The following Monday, I was in surgery with my five pass — five bypasses, and I went home the following Friday. This would never happen with Medicare for All. I love my Medicare Advantage plan, because I can choose the doctor, when I need it, and get the care I need in a quickly manner. And it wouldn’t happen with Medicare for All. (Applause.)

THE PRESIDENT: That’s beautiful.

MS. SPANGLER: Thank you, Mr. President, for saving my care — healthcare.

THE PRESIDENT: Thank you, Corey. (Applause.)

I see a future politician there. That was — (laughter) — boy, she was so like calm. No nerves. You know, sometimes I’ll see people, they get a little bit nervous. Very good.

What a job they’ve done. Great doctors. Did you choose your own doctor or you get lucky with a good doctor that was recommended?

MS. SPANGLER: They were wonderful.

THE PRESIDENT: They were wonderful. That’s fantastic. And you’re wonderful. Thank you, Corey. Appreciate it. (Applause.)

The Democrat plans for socialized medicine will not just put doctors and hospitals out of business, they’ll also deny your treatment and everything that you need. Government-run healthcare systems always end up imposing rationing. You see what happens.

You look at Venezuela; take a look at that. Fifteen years ago, it’s one of the wealthiest countries. Now they don’t have food. They don’t have water. The hospitals are a disaster. No electricity. No anything. It’s very sad. And we’re helping the people as much as we can. But we’re watching that whole situation — beyond this, we’re watching it very, very carefully. We’re watching it very carefully. And Cuba — we’re watching Cuba very carefully. Very, very carefully. (Applause.)

But as an example, under the United Kingdom’s single-payer system, patients wait 117 days to receive, as an example, a knee replacement. One hundred and seventeen days.

In Canada, wait times for orthopedic surgery are over 270 days. But currently in the United States, wait times for these surgeries are — we’ve speeded it up a lot — are typically less than two weeks. Is that right, Alex? (Applause.)

And I have many people coming down from Canada, and I say, “What are you doing?” They’re getting an operation of some kind. “Why don’t you get it up there?” They said, “There’s nothing like what you’ve been able to do in a short period of time.” And we’re making it even better.

With us today is Charles McLaughlin, a 71-year-old Floridian and a Marine veteran of the Vietnam War. Charles, please come up and tell us your story. Please. (Applause.)

MR. MCLAUGHLIN: Oh, man. (Applause.)

Hello to The Villages! What a great place you guys have here. Wow. I understand that approximately 60 percent of all of you are veterans. I want to say thank you for your service. (Applause.) And to my Vietnam brothers and sisters: Welcome home.
(Applause.) Welcome home.

My name is Chuck McLaughlin, and I’m a Vietnam combat Marine. I’m also a cancer survivor — Stage 4 style. I know a lot about Medicare and the supplement. I used it for breathing tubes, feeding tubes, stitches, staples, MRIs, PET scans, CAT scans, blood tests, hydration shots, chemo treatments, radiation treatments, six months of hypobaric chamber — to name a few.

Anyone that’s cured, like me, loves their doctors. Loves their doctors. (Applause.) I also want to say: My family, financially, would’ve been destroyed without Medicare. Destroyed. The facts are now (inaudible) the politicians on the left are pushing Medicare for All. I say the result will be no Medicare at all. It will collapse under the load — the load of the system. It will overload of it. The lines would be incredible. Who knows? I probably wouldn’t be here.

As far as free stuff, it may be free stuff, but it’s going to come out of somebody else’s pocket. There’s no such thing as “free.” Period. (Applause.)

Is the Medicare system perfect? No. But it worked for me. Remember, I paid my share.

Just a few thoughts: President Trump’s plan of Medicare Advantage will give me more flexibility for options to this system. I can pick and choose my needs. Secondly, a program that helps protect us seniors for a fair shake as our bodies fail us. And number three, we must get rid of the waste and fraud that seems to be in the newspapers weekly. Finally, thank you, President Trump, for all you do. (Applause.)

I want to personally thank him for what he does for our veterans. (Applause.)

Finally, and may God bless you and your family for loving America and giving us a renewed hope for our children and our grandchildren. Thank you. (Applause.)

THE PRESIDENT: What a great job. Well, thank you very much, Charles. And it’s incredible. You’ve gone through a lot.

MR. MCLAUGHLIN: Yep.

THE PRESIDENT: You don’t look it. (Laughter.) He’s looking handsome to me, I’ll tell you. (Laughter.) Thanks, Charles. That’s incredible.

Like you, all of us today understand the truth. Socialism is not about improving the health of American people; it’s about wielding power over the American people, taking things away from the American people. (Applause.)

In a few moments, I will sign an executive order to strengthen Medicare for seniors, and very substantially. I’ll provide Medicare Advantage plans with new tools and options, and it will help Medicare beneficiaries gain faster access to the very latest and greatest medical devices and therapies.

My order also pursues reductions in the unnecessary regulations that you don’t need, you don’t want to see — that never come into effect and that cost a lot of money — enabling doctors and nurses to spend less time on paperwork and more time with their patients that they love. (Applause.)

To further protect seniors, we are taking action to stop fraud and to stop abuse. It’s tremendous amounts of money saved with that. And we’ll be able to put that money right back into what we want to have it to take care of you.

I’m directing Secretary Azar to crack down on criminals, cheaters, and dishonest providers who rob Medicare of the funds you have and the money that you’ve paid into the system all of your lives. Charles said it. Charles said, “You know, I paid for it.” He said he paid for it. And now they want to say, “Let’s give it to everybody else.” And it’s going to be gone in a very short number of years. But you did pay for it. You both paid for it.

Today’s action is the only really great action that we can take. It’s the only choice we have because this is going to be something that’s better than any place anywhere in the world. It’s the latest of many important steps that we’re taking to dramatically improve healthcare for the American people.

Our vision for the future of health in America has four crucial parts. And we will protect vulnerable patients, number one. We will protect those patients that are so terribly vulnerable. We will deliver the affordability that you need. Prices coming down. As I said, prescription drug prices — first time in over 50 years, Alex, that drug prices have come down for the year. (Applause.) Your average prescription drug price — first time in 50 years — over 50 years.

And we’re going to get them a lot lower. And I think Ron is going to have some big surprises. We’ll be announcing that pretty soon. Some — for really, really big reductions. People are already — they’re not even going to know what happened. So that’s what we want. (Applause.)

And we’re going to give you options and control that you want. And we will provide the quality you deserve.

First, we’re protecting vulnerable Americans.
We have made a clear promise to America’s patients: We will always protect patients with preexisting conditions. (Applause.) The Republicans will always protect preexisting conditions. (Applause.)

To stop families from being blindsided by outrageous medical bills — and this is something that is one of the most exciting things to me — I have challenged Congress to send a bill to my desk that stops the horrendous practice of surprise medical billing. So many of you, you go in and you have something, and then you get a bill and you say, “How is it possible?” And we’re going to end that practice. That practice is not a fair practice. (Applause.)

And we’re also confronting the opioid and drug addiction epidemic that is plaguing too many American communities. And thanks to our efforts — and we’ve worked so hard on it; the First Lady worked so hard. Kellyanne Conway — where’s Kellyanne? (Applause.) Where’s Kellyanne? Where is she? Kellyanne, thank you. Thank you, Kellyanne. (Applause.)

Last year, drug overdose deaths declined for the first time in nearly three decades. Early data shows that drug overdose deaths dropped 10 percent last year in the state of Florida. Now, think of that. That’s — you know, we’d like to better. It’s a very, very tough situation. And one of the things we’re doing with the “pain pills” — we can call them — we’re trying to find, and we’re really working hard and we’re funding a lot of research to find pain pills that aren’t addictive. You go into to a hospital with a broken arm, and you come out and you’re drug addict. And we’re trying to find, and we’re getting closer — I think we’re getting very close, actually — to finding painkillers that aren’t addictive. And we’ll have that in the not-too-distant future. (Applause.)

And to care for our great veterans, we passed VA Accountability. You know what that is, right? This is where the great heroes and tough people — but — and, by the way, in their super prime, nobody touched them.

But they’re more vulnerable, and people would take advantage of our veterans. You had sadists. You had people that would rob them and rob the system. You had some horrible people. We couldn’t fire anybody. They had, in Arizona, people that got stealing — they got caught stealing $400,000. They couldn’t fire them. So now we have VA Accountability. You think that was easy? They’ve been trying to get it for 50 years. And I got it. I’m good at getting things. (Applause.)

So now, when they don’t take proper care of our vets, we say, “Jim, get the hell out of here. You’re fired. Get out of here.” (Applause.) We can fire them. Get them out. We get them out. We don’t have to ask questions. We get them out. If they’re bad, they treat our veterans badly, we fire them. That’s why you don’t hear about — you know, before me, every night you’d see these stories, these horror stories about the VA. I haven’t seen one in a long time. Now, I don’t want to wish it because the fake news will search the system — (laughter) — to find somebody that’s not happy. “We found somebody. We found a vet in Florida who isn’t quite happy with everything. Let’s do a major story.”

But do you remember all of the bad stories that used to be about the VA? Now you don’t see that because they have accountability. We can fire bad people. We fired a tremendous number of really bad people that should’ve been fired years ago. (Applause.)

I don’t like firing people, but I like firing people that don’t treat our vets great, that aren’t doing their job. And they were protected, frankly, by the unions, and they were protected by civil service — very powerful. Do you think it was easy beating unions and civil service? Not too easy. But I explained to them too. I said, “This is good for all of us. It’s good for America.”

And the other, as I said, is VA Choice, where our veterans no longer have to wait for endless, endless hours, days — even months. We’ve had cases where a person is on line — not bad; could be fixed up very easily with whatever treatment it may be — and they end up being terminal by the time they see a doctor. That’s not happening anymore. (Applause.) Because now you go out, you find a great local doctor, we pay the bill.

And, you know, it’s interesting, it’s totally less important but we also save a lot of money on that. Hard to believe, we save a lot of money. It’s much less expensive for us to do that than the other way, and it’s saving tremendous numbers of lives. And we have great doctors, frankly, that need the business. Not so bad.

To protect healthcare for our seniors and all Americans, my administration is taking strong actions to ensure that newcomers to our society do not drain our healthcare system, or burden the services that you depend on. You see these people in California, the governor of California — “Come on in, everybody.” Then you wonder why people are flooding our borders. “Come on in. You have free education, free healthcare. Everybody gets a Rolls-Royce.” (Laughter.) “Come on in. Come on in.”

You know, to show you how corrupt CNN is, when I used that expression, they said, “The President wasn’t telling the truth. He said they get a Rolls-Royce and they don’t.” (Laughter.) Ahh, they don’t get it, do they? They never got it.

Some idiot at CNN said, “You can’t win without CNN. I guess we showed them.” (Laughter and applause.) I guess we showed them. (Applause.) And their ratings are so low now that they are no longer the big difference at all. They have really bad ratings.

But you know what is bad for our country? When CNN — so often I go to a foreign country. I go to a country. I meet leaders. And he said, “Why do they hate your country so much?” I said, “Who?” You know, CNN outside of the United States is much more important than it is in the United States. And a lot of what you see here is broadcast throughout the world. And we used to have Radio Free — I think Radio Free Europe and Voice of America. And we did that to build up our country. And that’s not working out too well.

But CNN is a voice that really seems to be the voice out there. And it’s a terrible thing for our country. And we ought to start our network and put some real news out there because they are so bad. (Applause.) They are so bad for our country. They are so bad for our country. I go out there and they say, “Boy, the media hates your country.” And it’s just a shame. It’s just a shame. And we really are — we are looking at that. We should do something about it, too. Put some really talented people and get a real voice out there, not a voice that’s fake.

When Americans are struck by natural disaster, like they were in Florida where I was with you, Hurricane Michael — did I do a good job, Governor? Did I do a good job? (Applause.) Man.

Your governor came to my office once a week. He always needed more money — (laughter) — and I always gave it, right? He didn’t stop. I hated it. I said, “Keep DeSantis. I don’t want to see him anymore.” (Laughter.) But we always gave it, and you got it. And your people worked so hard. And FEMA and the military, they all worked with you. The Coast Guard is incredible, what the Coast Guard has done. (Applause.) I think the Coast Guard has really done a great job.

The second part of our healthcare agenda is to promote the affordability of America’s needs. Thanks to our focus on lower drug prices, the FDA approved more low-cost generic drugs in my first two years than ever before in the history of our country. Think of that. Think of that. (Applause.)

And every time I’d see the folks over at FDA, I’d say, “Come on, fellas. Let’s go. Faster. Faster.” You know, don’t forget, when somebody was dying and we had a drug that looked like it was really good but it wasn’t going be approved for like four more years — it used to be 12 years and we brought it way down. I mean, it’s too long. But we brought it way, way down. But a person is dying and they said, “No, sir, we can’t give that because it may harm the person.” I said, “Wait a minute, you don’t understand.” (Laughter.) “A person is terminally ill, they’ve got four weeks to live, and you don’t want to give them a drug because you think it’s going to harm them? I guarantee you I can get them to sign a document.” (Laughter.)

Now we got that approved — Right to Try. And, by the way, miracles are happening. Right? Miracles. (Applause.) Miracles are happening.

Hopefully, it never happens to anybody in this room. But, frankly, people would go to Asia, they’d go to Europe, they’d go all over the world seeking a cure, if they had money. If they didn’t have money, they’d go home and they’d die. But now they don’t have to do that.

And it wasn’t easy because the drug companies didn’t want it because they didn’t want to have terminally ill because it looks bad on the percentage record, right? The insurance companies didn’t want it because there are a lot of reasons. You know what the reasons are. Our government didn’t want it because they didn’t want to be sued by a patient that died that would’ve died anyway. So I said, “Here’s what we do, folks: We sign an agreement. And the agreement holds everybody non-liable.”

We took the drug companies and we created a separate list, so they’re not on that list — because it is, right? It’s a problem. And we took a separate list. So now we have a totally separate list — confidential list — but they don’t get hurt by somebody that was so sick that this person may not make it. And I got everybody to sign it and we were done. It was pretty amazing. And then we got it approved in Congress because of these five great congressmen back there, including Ron, who at the time was in Congress. (Applause.) Right? With Greg and everybody, we got it done and we got the Senate to approve it. And I signed it. And I was really happy. Right to Try. Hopefully you never need it.

We also ended the terrible gag clauses that prevented pharmacists from telling you about cheaper options at the pharmacy counter. Do you believe it? I thought this was — I thought they were kidding me the first time. Don’t forget, I’ve only been doing this for three years, okay? So, you know. (Laughter.)

These guys have been doing it a long time. But they’re not allowed to talk to you about pricing. I said, “Wait. You’ve got to be kidding.” And they weren’t. But I got rid of that. Now they can talk about pricing. You can go out and price. You can go to different places. They have to be open and transparent. That was a big deal. (Applause.) That was a big deal. (Applause.)

And all of these things, you know, they sound so simple; they’re tough to get. They’ve been that way for many years for a reason. You have very powerful lobbyists. You have drug companies, frankly, that don’t want that. Why would they want that, where you can negotiate price? Why would they want a thing like that?

My administration is also working to require drug companies to disclose prices in their television advertisements. And we’re almost getting to a point where we’re going to be able to get that. So you’re going to know what you’re paying up front. They can’t triple-hit you. (Applause.)

Essentially, we’re holding Big Pharma accountable. And that’s okay; they do just fine.

Earlier this year, we announced another groundbreaking action seniors have wanted for decades. We will soon allow the safe and legal importation of prescription drugs from other countries, including the country of Canada, where, believe it or not, they pay much less money for the exact same drug. (Applause.) Stand up, Ron. Boy, he wants this so badly. (Applause.)

No, I mean, you go to some countries and the price is like 50, 60 percent lower — even more than that, I guess, Ron, in some cases. And it’s 50, 60 percent lower — the exact same pill, from the exact same factory, from the exact same company. And I say, “Why is it that in Europe — certain places, in particular — it’s 25 percent of what we pay back here?” I said, “It must be a different manufacturer.” “No, sir, it’s the same one.” “Must be made in a different factory.” “No, sir, it’s the same one.” Everything is identical; they pay 25 percent. We pick up all of the research and development. We pick up everything like a bunch of, excuse me, schmucks. (Laughter.) Schmucks. Right? (Applause.)

Not anymore, folks, because in a little while — (applause) — in a little while, your governor is going to be able to go out and negotiate until his heart is content. And he’s going to go to Canada. I know he’s gone there already and he’s looking at their pricing, and he’s going to some of the European countries and others, and he’s going to get his drug price down to a level that you can’t believe. It’s going to be a great thing. And we’ll see what happens. It’s going to be very interesting. (Applause.)

And I have a feeling when that happens, the drug companies are just going to say, “We can’t have this.” And they’re going to drop their price, I think.

Now, they’re very smart. They may go the other way, and if they do, don’t blame me, okay? (Laughter.) But I’m pretty sure you’re going to do fantastically, Ron. You feel good about it? Huh? You better do good; otherwise, you’re making us both look bad. (Laughter.) You hear that, Casey?

American patients must no longer be forced to subsidize lower drug prices in other countries through higher prices in America. That’s what we were doing. We were paying a much higher price. My administration will never stop fighting for lower costs for American patients and American seniors.

The third part of our healthcare vision is to provide the choice and control Americans want. We eliminated Obamacare’s horrible, horrible, very expensive and very unfair, unpopular individual mandate. A total disaster. That was a big penalty. (Applause.) That was a big thing. Where you paid a lot of money for the privilege of not having to pay a lot of money for the privilege of having no healthcare. You paid not to have healthcare. It was a penalty. And how it ever held up in Supreme Court, I don’t know, but it did. But we just got rid of it. We just did it the old-fashioned way: We got rid of it.

We vastly expanded affordable insurance options, including association health plans, short-term plans, and health reimbursement arrangements — which are incredible. And many of these options are up to 60 percent less expensive than “O-bomb-a-care.” (Applause.) Nobody got that. (Laughs.) Nobody got that. That’s okay. “O-bomb-a-care.” I didn’t say “Obamacare.” I said “O-bomb-a-care.” (Laughter.) President “O-bomb-a-care.” He can have it.

But we’ve done a great job in running it. We almost had it done. We unfortunately had one vote — middle of the night — just when thumbs down. That wasn’t good. After years and years of campaigning — “repeal and replace,” right? But we’ve done a great job because we get rid of the individual mandate. And we’re running it better. It’s still no good, because it’s too expensive. The premium is way too high and all of the elements of it. It’s just not good. But we’re coming up with an incredible plan that if the Republicans take back the House, keep the Senate, keep the presidency, we’re going to have a fantastic plan. (Applause.) Right?

Following my administration’s recommendation, Florida has taken an important step to lower cost and increase choice by repealing a misguided Certificate of Need law, used by hospitals to block competition. We encourage other states to follow Florida’s example. They’ve done a great job right here. (Applause.)

And I also signed, just recently, a revolutionary executive order requiring price and quality transparency. And the man who’s really the leader in the world of this — it’s transparency. You can pick your doctor; you can look at their records; you can see how well they did. You can go and negotiate. A man — what really sold me on it — the man who’s the best in the world at it, who we used, and we gave you the max plan. Did we give that? The max plan, right? That’s the maximum plan. We gave it to you. And he said something that I loved. He said, “Sir, this is more important and will go down as more important than any healthcare that you’ll ever come up with.” And I said, “I like the sound of that.” Now, who knows if it’s true, but I guess, from what I’m hearing, they’ve done it in certain limited areas and it’s phenomenal.

And it’s really transparency. And you’ll be able to negotiate all over the place. And you’ll be able to pick everything you want, from the hospital to the doctor. And it’s going to save you a tremendous amount of money. And there are those that say it’s more important than even healthcare at a high — at a high level.

And fourth, my administration is fighting to ensure the high-quality care that Americans deserve. Americans have to get the highest quality. So we have the highest quality that Americans deserve.

On behalf of 5 million Americans living with Alzheimer’s disease, I signed into law a $1 billion increase in funding for critical Alzheimer’s research. And we’ve made a lot of progress. (Applause.)

And just one other thing I will tell you — because it even surprised me — but we’ve funded it now, and, within 10 years, our country will be AIDS-free. Can you believe that? AIDS-free. (Applause.) Tremendous progress has been made.

And when we were talking about that, I said, “I don’t understand. How does this…” It’s like somewhat of a secret, but it’s incredible — the tremendous progress that we’ve made over the last few years on AIDS and AIDS research. And we should be essentially AIDS-free. Do you agree with that, Mr. Secretary?

In my State of the Union, I announced a plan to invest — (laughs) — she liked it — $500 million dollars in new treatments, and cures, and all of the things that we have to go through with our incredible children, in some cases, for childhood cancers. It’s a tremendous problem.

And to bring new hope to the nearly 100,000 Americans currently awaiting a kidney operation, I signed an executive order that will significantly increase the supply of kidneys available for transplant. It’s such a big deal. It’s so big. You have no idea. (Applause.)

And we worked hard on that. And, you know, what a lot of people don’t know — a lot of it is just the work. The people die fairly quickly because it’s not — they could go on forever. But it’s — it’s unbelievable amounts of work, going in all the time for step-by-step — what you have to do.

And so, with kidney transplants, we’re making tremendous progress. And we funded a lot of money toward it. And I think it’s going to be a tremendous thing for people that are just literally suffering with something they can really do very well with.

We’re delivering better, fairer, and more affordable healthcare for all Americans, especially our cherished senior citizens. And we will stop at nothing to deliver better healthcare for you and for your family. I will never let you down. You have been incredible to me and I will never ever forget you. I will never let you down. I promise that. (Applause.) Thank you. Thank you very much.

We’re lowering the cost of prescription drugs, taking on the pharmaceutical companies. And you think that’s easy? It’s not easy. It’s not easy. They come at you from all different sides. I wouldn’t be surprised if the hoax didn’t come a little bit from some of the people that we’re taking on. They’re very powerful. They spend a lot of money — spend, I think, more money than any other group in the world actually, in terms of lobbying and lobbying abilities.

And I wouldn’t be surprised if some of the nonsense that we all have to go through, but that I go through — wouldn’t be surprised if it was from these — some of these industries like pharmaceuticals that we take on because I want — I don’t care. I did great. I’ve had a great life. I want to get drug prices down. I don’t care about the companies I want to get drug prices down.

I want to continue to give them the incentive to come out with new and better answers, but got to get drug prices down. And they’ve made a fortune over the last 40 years. They’ve made so much money. And they’ve got the system wired. Because everything you do, their stock goes up. I said, “What the hell is going on? Their stock just went up.” They said, “Sir, it’s going to be wonderful.” I said, “It’s not going to be wonderful.” Let their stock go down a little bit. But their stock goes up. And what we’ve done is incredible.

And, by the way, you have some incredible companies. The answers that they — we — we want to keep them strong and powerful and wealthy, and we want them to con- — really continue to do that research. But we got to get those prices down. They’re far too high, especially when you compare them to other countries.

And we want to ensure access to the doctors of your choice. And every day, we are going to — as I said, we are going to defend Medicare like Medicare has never been defended again. And it’s never needed the defense. It’s always been incredible. It’s something that worked and they want to destroy it.

In my administration, we know that Medicare is personal. Great healthcare is about more time with the ones you love, more days with your grandkids, and more freedom to enjoy the most rewarding years of your life — or what should be, by far, the most rewarding years of your life. You’ve worked hard. You’ve worked so hard. And you paid for it. And you’ve got to enjoy it. It’s about getting better when you’re sick, it’s improving your well-being, and it’s getting the treatment you need, right when you need it.

That’s why, in everything we do, we are defending the principles that made America the envy of the world and the American way of life the greatest in our history. And our country has never been greater than it’s been right now. Our military is the strongest it’s ever built — we rebuilt our entire military. (Applause.)

And even medical research is at a new level. It’s at a level that we’ve never had it before.

We stand for freedom. We stand for choice. We stand for justice, and fairness, and accountability. We stand for loyalty to our citizens, love for our country, allegiance to our flag, and long and healthy lives for our great seniors. (Applause.)

And with your help, we are going to continue building the best, most advanced, most cutting-edge healthcare system anywhere in the world. We are going to expand our growing economy to make retirement easier, and better, and far more secure. We’re going to defend American lives, American values, American families, and America’s glorious destiny. There is no country like our country. (Applause.) We see and read things, but there is no country like our country. Right?

With every ounce of strength and every bit of soul, we are going to protect Medicare for you — for everyone at The Villages, and for every senior across this magnificent land.

You are going to be protected in many ways — but you are going to be protected.

Thank you very being here. Thank you for this incredible enthusiasm. God bless you. God bless our senior citizens. And God bless America. Thank you very much, everybody. Thank you.

Okay. Should I do it? (Applause.) I’ll do it. All right.

(The executive order is signed.) (Applause.)

Thank you everybody. Here — grab these, fellas. Pass them around. The congressmen don’t want (inaudible), and I know that. Here you go. I love that. I love that. I love those guys. “Bikers for 45.” These guys. (Laughter and applause.) They’ve been there from the beginning, right? Here. Pass them around. Pass these around, fellas. Pass them around.

Come here. Attorney General, get over here. Come on. Get over here. Lieutenant Governor, come on. Please, both of you. Come on up here. They’re doing a good job, right? Should we give them a pen? I think so. (Applause.) Come on up here. That’s great.

I want to thank you all. Really a special time. And this is — this is very meaningful for me and for you and for everybody. Thank you all very much. Thank you. (Applause.)

END 2:49 P.M. EDT

Chopper pressers are the best pressers.  President Trump pauses to hold an impromptu press conference departing the White House for a trip to Florida. [Video and Transcript below]

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[Transcript] – THE PRESIDENT: Hello, everybody. We’re going to The Villages in Ocala, Florida. We have a big crowd. We’re going to be talking about healthcare. We’re doing a lot of work on healthcare. We’re very successful at it. And so we’re going to be speaking to the great people of Florida. And I think they’re very happy with the job we’re doing.

Yeah.

Q Mr. President, first question, what did you —

Q What exactly, specifically, is inaccurate in the whistleblower’s complaint?

THE PRESIDENT: What?

Q What exactly is inaccurate in the whistleblower’s complaint?

THE PRESIDENT: Well, if you look at the whistleblower’s complaint, it’s totally inaccurate because the conversation that I had was absolutely perfect. And most people that have read it say the same thing. The whistleblower never saw the — saw the conversation. He got his information, I guess, second- or third-hand. He wrote something that was total fiction. And now, when people see that, they’re not happy.

Q Do you want to restrict investment flows into China and have Chinese stocks delisted?

THE PRESIDENT: Well, we’re looking at a lot of different things. China is coming in next week. We’re going to have a meeting with them. We’ll see. But we’re doing very well.

Some of the numbers, I think, are being affected by all of the nonsense, all of the politics going on in this country by the Democrats. I call them the “Do-nothings.” They do nothing for this country. They don’t care about this country. But the numbers, really, are looking very good, going into the future.

So, we’ll see. I have a lot of options on China. But if they don’t do what we want, we have tremendous — tremendous power.

Q Mr. President, what exactly did you hope Zelensky would do about the Bidens after your phone call? Exactly.

THE PRESIDENT: Well, I would think that, if they were honest about it, they’d start a major investigation into the Bidens. It’s a very simple answer.

They should investigate the Bidens, because how does a company that’s newly formed — and all these companies, if you look at —

And, by the way, likewise, China should start an investigation into the Bidens, because what happened in China is just about as bad as what happened with — with Ukraine.

So, I would say that President Zelensky — if it were me, I would recommend that they start an investigation into the Bidens. Because nobody has any doubt that they weren’t crooked. That was a crooked deal — 100 percent. He had no knowledge of energy; didn’t know the first thing about it. All of a sudden, he is getting $50,000 a month, plus a lot of other things. Nobody has any doubt.

And they got rid of a prosecutor who was a very tough prosecutor. They got rid of him. Now they’re trying to make it the opposite way. But they got rid —

So, if I were the President, I would certainly recommend that of Ukraine.

Q Have you asked President Xi to investigate at all?

THE PRESIDENT: I haven’t, but it’s certainly something we can start thinking about. Because I’m sure that President Xi does not like being under that kind of scrutiny, where billions of dollars is taken out his country by a guy that just got kicked out of the Navy. He got kicked out of the Navy; all of a sudden, he’s getting billions of dollars. You know what they call that? They call that a “payoff.”

Q In your view, Mr. President — in your view, should the White House comply with any congressional subpoenas associated with the whistleblower complaint?

THE PRESIDENT: Well, I leave that to the lawyers. I can say, though, that Schiff has now been proven to be a liar. We’ve known it for three years, because they’ve been trying to impeach for three years. He’s a li- — he’s a stone-cold liar. So I leave that to the lawyers. That’s up to them to decide. But the whole investigation is crumbling.

Yeah.

Q Can you still work with Congress to get other work done? Can you still work with Congress?

THE PRESIDENT: I can. Yeah, I can.

Q How can you do that? How?

Q (Inaudible.)

THE PRESIDENT: You got — I —

Q Mr. President, Pakistan is urging (inaudible) talks with the Taliban. Are you going to do that?

THE PRESIDENT: Well, we have a real problem. We’ve been hitting the Taliban very, very hard. And, as far as I’m concerned, they still haven’t recovered from killing 12 people — one of — happened to be a great American solider from Puerto Rico. They still have not recovered, and they probably never will.

Q Mr. President — President Trump, what is McConnell — what is McConnell telling you about impeachment? Has he assured you that Senate Republicans won’t vote for it?

THE PRESIDENT: No, but I read Mitch McConnell’s statement yesterday, and he read my phone call. And, as you know, he put out a statement that said that was the most innocent phone call he’s read. And I spoke to him about it, too.

He read my phone call with the President of Ukraine. Mitch McConnell — he said, “That was the most innocent phone call that I’ve read.” I mean, give me a break. Anybody that reads it says the same thing. And the only people that don’t understand it is when they look at the false, fabricated, fraudulent statement made by Shifty Schiff.

Q Mr. President, Vice President Biden — Vice President Biden said that he’s not going anywhere. He has said that you’re not going to destroy his family. What do — what’s your response?

THE PRESIDENT: Well, I think Biden is going down. And I think his whole situation — because now you may very well find that there are many other countries that they scammed, just like they scammed China and Ukraine. And basically, who are they really scamming? The USA. And it’s not good.

Q He said he was carrying out the official policy —

THE PRESIDENT: And that’s probably why China, for so many years, has had a sweetheart deal where China rips off the USA — because they deal like people with Biden, where they give their son a billion and a half dollars. And that’s probably why China has such a sweetheart deal that, for so many years, they’ve been ripping off our country.

Q Do you support SB-206 — the college athletes getting paid? Or do you side with the NCAA and the schools? And do you think this should be a federal law?

THE PRESIDENT: We’re looking at it. We’re looking at very closely. It’s under study.

Q Has North Korea gone too far this time with the ballistic missile? Is that too far?

THE PRESIDENT: We’ll see. They want to talk, and we’ll be talking to them soon. We’ll see.

So I’m going to — yes?

Q Mr. President, why did recall the U.S. Ambassador to Ukraine? Was she a problem? Why did you recall her?

THE PRESIDENT: I heard very bad things about her. And I don’t know if I recalled her or somebody recalled her, but I heard very, very bad things about her for a long period of time. Not good.

Thank you. I’ll see you in Florida. I’ll see you all in Florida.

END 10:24 A.M. EDT

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White House trade and manufacturing policy advisor Peter Navarro appears on Fox Business to discusses the World Trade Organization ruling granting the U.S. $7.5 billion in annual tariff countermeasures against the EU.

Jumpin’ ju-ju bones – The Trump administration via U.S. Trade Rep Robert Lighthizer and Commerce Secretary Wilbur Ross won a massive $7.5 billion award as an outcome of the World Trade Organization agreeing with the U.S. against the EU and Airbus subsidies.  The WTO arbitrators decision is final and cannot be appealed.

This win sets the stage for President Trump to deploy $7.5 billion in countervailing duties against products from the EU.  Keep in mind, a final WTO ruling means the EU cannot retaliate against any WTO-authorized countermeasures.  The downstream ramifications are very significant. Think about it: at 25% the U.S. could tariff $30 billion in EU goods.

Man, talk about serendipitous timing… But first, here’s the press release from Robert Lighthizer:

Washington, D.C.–  The United States has won the largest arbitration award in World Trade Organization (WTO)  history in its dispute with the European Union over illegal subsidies to Airbus.  This follows four previous panel and appellate reports from 2011-2018 finding that EU subsidies to Airbus break WTO rules.

Today’s decision demonstrates that massive EU corporate welfare has cost American aerospace companies hundreds of billions of dollars in lost revenue over the nearly 15 years of litigation.

“For years, Europe has been providing massive subsidies to Airbus that have seriously injured the U.S. aerospace industry and our workers. Finally, after 15 years of litigation, the WTO has confirmed that the United States is entitled to impose countermeasures in response to the EU’s illegal subsidies,” U.S. Trade Representative Robert Lighthizer said.

“Accordingly, the United States will begin applying WTO-approved tariffs on certain EU goods beginning October 18. We expect to enter into negotiations with the European Union aimed at resolving this issue in a way that will benefit American workers.”

The award of $7.5 billion annually is by far the largest award in WTO history—nearly twice the largest previous award.  The Arbitrator calculated this amount based on WTO findings that EU launch aid for Airbus is causing significant lost sales of Boeing large civil aircraft, as well as impeding exports of Boeing large aircraft to the EU, Australia, China, Korea, Singapore, and UAE markets.  Under WTO rules, the Arbitrator’s decision is final and not subject to appeal.

The United States today has requested that the WTO schedule a meeting on October 14 to approve a U.S. request for authorization to take countermeasures against the EU.  Pursuant to WTO rules, the WTO will provide this authorization automatically at that meeting. The EU is not allowed to retaliate against WTO-authorized countermeasures.

The tariffs will be applied to a range of imports from EU Member States, with the bulk of the tariffs being applied to imports from France, Germany, Spain, and the United Kingdom – the four countries responsible for the illegal subsidies.

Although USTR has the authority to apply a 100 percent tariff on affected products, at this time the tariff increases will be limited to 10 percent on large civil aircraft and 25 percent on agricultural and other products.  The U.S. has the authority to increase the tariffs at any time, or change the products affected. (read more)

Macron’s Merlot, Merkel’s Mercedes, Conte’s Chianti and Johnsons’ Johnson are all quivering.  Trump, Lighthizer and Ross can pick and choose whatever products they choose to designate the countervailing duties upon; they can mix-and match; they can shift and change; they can assign and withdraw; and there’s not a single thing the EU can do about it. Remarkable… ‘leverage‘,… oh, this could be lots of fun.

Ambassador Lighthizer has already made a list of products for the countermeasures.  Varying products with varying tariffs.  You can read the full list HERE (pdf).  Reuters has an outline on some of the products, and the responses from Europe.

WASHINGTON (Reuters) – The Trump administration slapped 25% tariffs on French wine, Italian cheese and single-malt Scotch whisky — but spared Italian wine, pasta and olive oil — in retaliation for European Union subsidies on large aircraft.

The U.S. Trade Representative’s Office released a list of hundreds of European products that will get new tariffs, including cookies, salami, butter and yogurt – but in many cases applied to only some EU countries, including German camera parts and blankets produced in the United Kingdom.

The list includes UK-made sweaters, pullovers, cashmere items and wool clothing, as well as olives from France and Spain, EU-produced pork sausage and other pork products other than ham, and German coffee. The new tariffs are to take effect as early as Oct. 18.

The U.S. Trade Representative’s Office said it would “continually re-evaluate these tariffs based on our discussions with the EU” and expects to enter talks in a bid to resolve the dispute. (more)

“He doesn’t think I’ll tax his meat pies”…

What makes this even more excellent is the timing for Brexit.  If Boris Johnson can get out of the EU without strings Trump can use these WTO-authorized tariffs to position a UK trade deal with the U.S. as a trade superhighway.  Incredibly this WTO decision plays right into the hand of President Trump’s global trade realignment.

KORUS (Korea-US) is in the books; phase one of the U.S-Japan agreement is in the books; the North American USMCA is complete – pending ratification; the EU previously agreed to purchase U.S. beef exports; and President Trump has been working on a post-Brexit UK-US bilateral trade agreement.  The timing for this WTO decision is, well, perfect.

China and the EU have devalued their currency in an effort to block the impacts from President Trump’s trade realignment and the ‘America First’ trade policy.

Because those currencies are devalued against the dollar, the resulting effect is a rising dollar value. That’s the stupid hypocrisy of global banking outlooks. They make a decision to devalue their currency, which causes the dollar value to rise, and then turn around and blame the U.S. dollar for being overvalued. The root cause of the devaluation is unaddressed in their argument.

The EU (specifically Germany and France) and China are trying to retain their global manufacturing position and offset the impact of President Trump’s tariffs by lowering the end value of their exports.  However, it’s a never ending spiral – and the U.S. consumer cannot save the world.

In the bigger picture this is why President Trump is the most transformative economic President in the last 75 years. The post-WWII Marshall Plan was set up to allow Europe and Asia to place tariffs on exported American industrial products. Those tariffs were used by the EU and Japan to rebuild their infrastructure after a devastating war. However, there was never a built in mechanism to end the tariffs…. until President Trump came along and said: “it’s over”!

By putting tariffs on foreign imports he has counterbalanced the never-ending Marshal Plan trade program and demanded renegotiation(s).  Trump’s goal is reciprocity; however, the EU and Asia, specifically China, don’t want to give up a decades-long multi-generational advantage. This is part of their fight.

No-one, ever, could take on all these interests. Think about it… The EU, Asia, World Bank, International Monetary Fund, China, Russia, U.S. Chamber of Commerce, Iran, U.S. Congress, Wall Street, the Big Club, Lobbyists, Hollywood, Corporate Media (foreign and domestic), and the ankle-biters in Never Trump…. All of these financial interests are aligned against Main Street USA and against President Trump.

Name one individual who could take them on simultaneously and still be winning, bigly.

They say he’s one man. They say they have him outnumbered. Yet somehow, as unreal as it seems, he’s the one who appears to have them surrounded.

Incredible.

Go Trump!

Today President Trump holds a joint press conference with the President of the Republic of Finland Sauli Niinistö.  Anticipated start time 2:20pm ET

WH Livestream Link – Fox News Livestream Link – Fox Business Livestream

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Earlier today President Trump joined in celebration with the Scalia family to deliver remarks from the Oval Office during the swearing-in of Labor Secretary Eugene Scalia.

The President also took a question from the media pool [Video and Transcript Below]

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[Transcript] – THE PRESIDENT: Well, this is a very big day. We just had the swearing-in. We just had the most beautiful ceremony. I don’t know if anybody was there, of you, but — our new head of the Joint Chiefs of Staff. And now we have Department of Labor. So, that’s big stuff. This is a big day.

And it’s my pleasure to welcome everyone to the swearing-in of our new Secretary of Labor, Eugene Scalia. Gene is joined by many members of his family, which is a large family, including his mother, Maureen, who’s been my friend for a long time, even before I knew you. Right? His mother is an incredible woman. And his wife, Patricia. Incredible job. Thank you, honey. And six of their beautiful children.

And I have a list of the folks. It’s like — what a family. So you have Maureen, who a lot of the people in this room know, from the standpoint even of the media. You have Patricia, who is a very powerful person in the family — namely, the wife. (Laughter.) The wife is always powerful — or, in some cases, right? But in this case —

MR. SCALIA: This one is.

THE PRESIDENT: Super powerful, right?

Antonin Scalia’s son. Antonin. We have Megan Scalia, daughter; Bridget Scalia, daughter; Luke Scalia, son; Erin Scalia, daughter; Isabella Scalia, daughter. That’s pretty impressive. John Scalia, brother. Catherine Courtney, sister. Mary Clare Murray, sister. Reverend Paul Scalia, who many of the folks know, in the room. The most powerful man, by far, in the room. Reverend Paul Scalia, brother. Christopher Scalia, brother. Margaret Scalia Bryce, sister. Christie S. Larsen — oh, wow — father-in-law. Susan Larsen, mother-in-law. That’s powerful. That’s powerful stuff. That’s a great — that’s a great family.

And, as you know, this was just happened — confirmed as the 20th Secretary of Labor, on September 26th, by a very substantial vote in current politics. Some people would say, “Gee, that was close.” 53 to 44. I call that a landslide. (Laughter.) In this administration, I call it a landslide.

Eugene Scalia is one of the most qualified people ever confirmed as Secretary of Labor. He will use his skills as he has over the years, and he’s built an extremely distinguished career to fight and win for the American workforce. He’s a tremendous lawyer, a tremendous talent. One of the best anywhere in our country.

He earned a bachelor’s degree from University of Virginia, and went on to the University of Chicago Law School, where he was editor-in-chief of the Law Review.

From 2002 to 2003, Gene served as the top legal officer at the Department of Labor. So he’s very familiar with the environs. He earned a reputation as a brilliant and unbiased defender of rights and protections of the American people.

After his time in government service, Gene moved to the private sector, where he really became a tremendous force and very successful. He fought in some of the highest courts of our land, and worked to overturn bureaucratic overreach and unfair, job-killing regulations. That sounds very familiar. That’s going to be good in this administration.

As he returns to the Department of Labor, Gene will use his wealth of experience to continue our bold regulatory reduction campaign. Most importantly, he will always put American workers first. I know that very well. That’s what he’s done his whole life.

And your father is looking down right now. Your husband is looking down right now and proud as can be. You know that. You understand that. He’s looking down and he is beaming. And I knew him well enough to know that he was a beamer when he was proud, right?

MRS. MAUREEN SCALIA: Yes.

THE PRESIDENT: So, Gene, I’m confident that your sharp legal mind, firmness of character, devotion to justice, love for this country, and commitment to its people will make you an outstanding Secretary of Labor. I want you to be the best. Can we say “the best of all time”? I’ll ask you, maybe later, who was the best, so far. But you’re going to top.

Congratulations to you and to your wonderful family.

And I’d like to now have Gene just say a few words and then we’ll ask Vice President Pence to administer the oath of office. And thank you all for being here. This is a very important day. Thank you very much. (Applause.) Thank you.

MR. SCALIA: Mr. President, thank you for those remarks. Thank you for this great honor to serve as Secretary of Labor. And thank you for what’s also a great opportunity, as well, to hold that position in this administration with a President who’s willing to try things that are different, not necessarily conventional, and as you remarked a moment ago, prepared to fight for things that he considers are important for the American people.

You offered this job to me back in July, in this office. And in that meeting, you expressed to me your commitment to American workers and to our economy. And I will bear those words in mind every day that I serve as Secretary of Labor.

I also want to thank the President for the kindness that he has, in fact, shown my mother since even before his inauguration. It’s a story few people know. I’m fixing that right now, I think. But he reached out to my mother for — just out of kindness, with no political advantage, to see how she was doing, to then make sure that she had a good inauguration seat and the like. And he looked after an elderly woman who was going through a difficult time and gave her some help and support when it meant an awful lot. And we’re very grateful.

I do want to thank my mother, as well; my father who we do like to think is looking down and watching with some pride. And, of course, I want to thank my wife Trish for all of the support that she has given me, both in recent weeks, but throughout our marriage. And my brothers and sisters, too.

Mr. President, I’m sorry that the group is — might strike you as small. (Laughter.) There were three who couldn’t make it, but they’re here in spirit, too.

So, again, I want to thank the President and the Vice President for what is a great honor, but, more importantly to me, it’s an opportunity to further the mission of the Department of Labor; to implement this President’s agenda; and, to paraphrase the Constitution, to take care that our laws are faithfully executed.

THE PRESIDENT: Thank you very much. Congratulations. Fantastic. (Applause.)

Mike? Thanks.

(The oath is administered.)

THE VICE PRESIDENT: Congratulations, Mr. Secretary.

SECRETARY SCALIA: Thank you. (Applause.)

THE PRESIDENT: Well, thank you all very much. Thank you very much, everybody. Thank you very much, everybody.

Q Do you know who the whistleblower is, sir?

THE PRESIDENT: Well, we’re trying to find out about a whistleblower — when you have a whistleblower that reports things that were incorrect. As you know, and you probably now have figured it out, the statement I made to the President of Ukraine — a good man, a nice man, new — was perfect. It was perfect. But the whistleblower reported a totally different statement. Like, the statement, it’s — it was not even made. I guess “statement,” you could say, was the call. I made a call. The call was perfect.

When the whistleblower reported it, he made it sound terrible. And then, you had Adam Schiff who, even worse, made up my words, which I think is just a horrible. I’ve never even seen a thing like that.

Adam Schiff — representative, congressman — made up what I said. He actually took words and made it up. The reason is, when he saw my call to the President of Ukraine, it was so good that he couldn’t quote from it because it — there was nothing done wrong. It was perfect. So Adam Schiff decided, “I can’t let this happen, so let me make up…” — did you ever hear of this one, Gene? You ever hear a thing like this? So Adam Schiff made up a phony call. And he read it to Congress and he read it to the people of the United States. And it’s a disgrace. This whole thing is a disgrace.

There’s been tremendous corruption. And we’re seeking it. It’s called “drain the swamp.” There’s been corruption on the other side. There’s been corruption like you’ve never seen.

Now, the new President of Ukraine ran on the basis of no corruption. That’s how he got elected. And I believe that he really means it. But there was a lot of corruption having to do with the 2016 election against us. And we want to get to the bottom of it, and it’s very important that we do.

Thank you very much.

END 2:29 P.M. EDT

 

As we keep saying: chopper pressers are the best pressers.

In response to a chopper presser by President Trump on May 24th, 2019, the Australian government sent U.S. Attorney General Bill Barr an unsolicited letter saying they would “fully support” Barr’s investigative “efforts”:

(Source Link)

Earlier today the New York Times attempted to construct a narrative that Bill Barr requested President Trump to contact the Australians on his behalf.  This letter refutes the construct of the New York Times report which was based on Lawfare leaks and spin.

In corporate and diplomatic parlance the letter from Australia, based on the public comments from President Trump, is known as “requesting a climate assessment in advance of a forced inquisition’.

In other words, Australia sensed they were going to be contacted based on Trump’s comments; so they took the initiative, engaged in open-door diplomacy, and contacted Bill Barr in advance letting him know they were “supportive of his efforts.”