Trump signs an order to reduce drug prices, but it's unclear how it would work

President Trump wants to lower drug prices in the U.S. by tying them to the prices paid in other developed countries. The pharmaceutical industry has long opposed the approach.

May 12, 2025 - 18:14
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Trump signs an order to reduce drug prices, but it's unclear how it would work
President Trump, joined by National Institutes of Health Director Jay Bhattacharya and Health and Human Services Secretary Robert F. Kennedy Jr., talks about an executive order aimed at reducing the cost of prescription drugs.

President Trump wants to lower drug prices in the U.S. by tying them to the prices paid in other developed countries. The pharmaceutical industry has long opposed the approach.

(Image credit: Andrew Harnik)