Trump Announces Executive Order to Lower Prescription Drug Prices in the Us

Donald Trump announced he will sign an executive order to lower prescription drug prices in the United States. He made the announcement on his social media platform, Truth Social. Trump stated the order would be one of the "most consequential" in U.S. history. Trump claims the prices will decrease by 30 to 80 percent "almost immediately." He argues that the U.S. pays more for prescription drugs than other countries. The new order aims to ensure the U.S. pays no more than the lowest price globally for certain drugs. This initiative revives Trump's previous efforts to implement a "Most Favored Nation" system. This system would tie U.S. drug prices to those of other wealthy nations. He criticized the pharmaceutical industry and past administrations for failing to address the issue. Trump also highlighted that campaign donations would not influence his decision.