President Trump announces ‘tremendous’ UK trade deal
President Donald Trump announced a trade deal with the U.K., the first trade agreement since he imposed sweeping tariffs in April.
WASHINGTON ― President Donald Trump said he will sign an executive order that institutes a “most favored nation” policy for drug pricing, claiming the action will reduce prescription drug and pharmaceutical prices “almost immediately, by 30% to 80%.”
The order, which he plans to sign at 9 a.m. ET on May 12 from the White House, would look to set prices of certain drugs covered by Medicare to the lowest level paid by comparable countries.
“I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World,” Trump said in a post on Truth Social. “Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before.”
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