Trump delivers prime-time address with mathematically impossible drug price claims and false economic statements

President Trump delivered an 18-20 minute prime-time address from the White House that was broadcast live by major television networks including ABC, CBS, NBC, and Fox. The speech contained numerous verifiable false claims across economic policy areas. Most egregiously, Trump claimed drug price cuts of "400-600%" - a mathematical impossibility since a 100% reduction would mean zero cost. On inflation, Trump declared "inflation is stopped" and prices are falling, when Bureau of Labor Statistics data showed inflation at 2.7% annually with prices continuing to rise. He made false claims about gasoline prices being at record lows (actual national average was $3.21/gallon vs. his claimed $2.00), falsely stated electricity costs were dropping (they had risen 3.8% year-over-year), and inflated the number of new power plants opening. Trump blamed Democrats and former President Biden for economic problems while taking credit for improvements that predated his policies. The address also annou...

"We've cut drug prices by 400-600%" — During prime-time White House address discussing economic achievements, making a mathematically impossible claim