Trump says he’ll lower US drug costs

President Donald Trump signed an executive order Monday morning setting a 30-day deadline for drugmakers to lower the cost of prescription drugs in the U.S. or face new limits over what the government will pay.

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National News

May 12, 2025 - 2:28 PM

U.S. President Donald Trump signs executive orders and speaks to reporters in the Oval Office of the White House in Washington, D.C., on Friday, May 9. Photo by Yuri Gripas/Abaca Press/TNS

President Donald Trump said he plans to order a cut in U.S. prescription drug costs by mandating that Americans pay no more than people in countries that have the lowest price.

Trump signed the executive order at 9 a.m. Monday in Washington.

While predicting that pharmaceutical prices could drop 30% to 80% in the U.S., Trump also posted that prices would likely “rise throughout the world in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA!”

He said he’ll institute what he called a most-favored nation policy “whereby the…

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