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Posted On: 08/02/2020 9:14:47 AM
Post# of 124785
Art of the Deal Cont.
When Peter Navarro — Assistant to the President, Director of Trade and Manufacturing Policy — and other senior officials in the White House negotiated a new contract with Philips, they ended up scrapping the Obama-era terms and agreed to pay almost five-times the price set under those terms.
While Philips had sold ventilators to other purchasers for prices as low as $9,327 per unit, the Trump Administration ended up paying $50,000 per unit.
The ventilators may arrive after a vaccine for the illness does. In the meanwhile, the U.S. has surpassed over 156,000 coronavirus deaths.
When Peter Navarro — Assistant to the President, Director of Trade and Manufacturing Policy — and other senior officials in the White House negotiated a new contract with Philips, they ended up scrapping the Obama-era terms and agreed to pay almost five-times the price set under those terms.
While Philips had sold ventilators to other purchasers for prices as low as $9,327 per unit, the Trump Administration ended up paying $50,000 per unit.
The ventilators may arrive after a vaccine for the illness does. In the meanwhile, the U.S. has surpassed over 156,000 coronavirus deaths.
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