Trump Announces Up to 1500% Reduction in Drug Prices, Pledges Equal Pricing with Other Countries

President Trump announced significant reductions in prescription drug prices, claiming decreases of up to 1,500%. He emphasized that the administration aims to align U.S. drug prices with those paid by other countries, particularly in Europe. Trump highlighted that, over the past few decades, Americans have been charged substantially more for medications, but recent policies have begun to address this disparity. He stated that in the coming two to three months, drug prices could drop dramatically—by 1,200%, 1,300%, up to 1,500%—as part of the 'favored nations' approach, ensuring Americans pay the lowest prices available globally. Trump expressed confidence that this issue would be a key factor in upcoming elections, asserting that the U.S. should not pay more for the same drugs as other nations.