Trump Promises Drug Price Cuts of Up to 80%

Publicado el 13/05/2025 a las 02:18

Trump promises drug price cuts of up to 80%
Price fairness with other countries
Trillions in savings for the US

Donald Trump announced this Sunday that he will sign an executive order reducing prescription drug prices in the United States by between 30% and 80%.

Trump Promises Historic Drug Price Cuts of Up to 80% – Photo: X

When will the drug price cuts happen:

The signing will take place on Monday, according to the former president on Truth Social.

What Trump said about the order:

“It will be one of the most important executive orders in the history of our country,” he promised.
He accused other nations of benefiting from US investment in drug research and development, while Americans pay 5 to 10 times more for the same medications.
“For the first time in many years, we will bring fairness to the United States!” he wrote.

The plan:

Trump will implement a “most favored nation” policy, aiming to ensure that the US pays no more for a drug than the lowest price paid by any country worldwide.

Economic impact:

In addition to direct savings for consumers, Trump claims the measure will generate “trillions of dollars” in national savings.

What remains unclear about Trump’s order:

The full text of the order has not been released.
It is also unclear how agencies like the FDA or Medicare (CMS) will be involved.
No details have been given about the global price comparison mechanism.

Recent related actions:

Last week, Trump signed another order to expedite drug manufacturing permits and announced tariffs on foreign pharmaceutical products, in line with his national reindustrialization agenda.

You may also be interested in: Trump Replaces FEMA Chief Weeks Before Start of Hurricane Season