May 12 (UPI) — U.S. President Donald Trump signed an executive order in the White House on Monday to reduce drug prices in the United States by between 30% and 80% with the aim of equalizing global prices.
The executive order aims to rein in the price that the United States pays for prescription drugs, paying equal to the lowest price of other developed countries. The policy is referred to as the “Most favored nations” policy.
“Starting today, the United States will no longer subsidize the healthcare of foreign countries, which is what we were doing,” Trump said during a press conference. “They paid a small fraction for the same drug we pay many many times more for.”
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Source: https://www.upi.com/Top_News/US/2025/05/12/Trump-Most-Favored-Nation-drug-prices/9441747020148/
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