Trump promises to sign ‘one of the

Former President Donald Trump announced plans to sign an executive order aimed at significantly reducing prescription drug prices in the United States. Posting on Truth Social, Trump described the move as one of the most consequential orders in US history, aiming to cut drug prices by 30 to 80 percent. The executive order introduces a “Most Favored Nation’s Policy,” ensuring the US pays the same prices as the lowest-priced nation worldwide. Trump criticized pharmaceutical companies for overcharging Americans, attributing high prices to lobbying and campaign contributions, and expressed confidence that the order would save the US trillions of dollars.

During his first term, Trump attempted to lower drug prices through executive orders targeting Medicare Part B drugs, but they were blocked by a federal judge. Recently, Trump proposed imposing tariffs on pharmaceuticals to encourage companies to relocate to the US, emphasizing that the large domestic market would incentivize production within the country. He argued that tariffs would push pharmaceutical companies to move operations from places like China back to the US. Trump’s efforts reflect a broader strategy to address what he perceives as long-standing unfair pricing in the American pharmaceutical market.