President Trump announces 59% cuts in US prescription drug prices, one day after new pharma policy

WASHINGTON : US President Donald Trump announced on Monday, May 12, that the US government is reducing prescription drug prices by 59 per cent, one day after he announced the new US pharmaceutical policy.

On Sunday, President Trump announced that he is planning to sign an executive order which will reduce the US prescription drug prices with immediate effect.

“DRUG PRICES TO BE CUT BY 59%, PLUS! Gasoline, Energy, Groceries, and all other costs, DOWN. NO INFLATION!!! LOVE, DJT,” said Donald Trump in his post on Truth Social.