Trump Signs Executive Order to Slash Prescription Drug Prices by Up to 80 Percent

In a bold announcement on Truth Social, President Donald Trump revealed plans to dramatically reduce prescription drug prices in the United States. According to Trump, the executive order he signed this morning is designed to cut costs by as much as 30 to 80 percent.

Trump stated that the order introduces a "most favored nations" policy, which mandates that the U.S. pay no more for prescription drugs than the lowest price paid by any other country. The move, he said, will end the long-standing practice of Americans bearing the world’s highest drug costs.

“The United States will pay the same price as a nation that pays the lowest price anywhere in the world,” Trump wrote.

Trump acknowledged that while U.S. prices would be lowered, other countries could see price hikes to balance the global market. The former president says this policy is meant to ensure American consumers no longer shoulder the financial burden of high prescription costs.

The signing took place at 9 a.m. today, and the order is expected to have immediate effects on negotiations and pricing structures for pharmaceuticals.

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