Trump Targets Drug Prices with Import Restrictions

U.S. President Donald Trump announced plans to use import restrictions to pressure overseas drug suppliers into reducing their prices. In a White House event with Republican lawmakers, Trump promised to lower prescription drug costs for consumers, warning pharmaceutical companies of challenges if they do not comply.

U.S. President Donald Trump declared on Tuesday that import restrictions would be used as a strategy to compel foreign drug suppliers to decrease drug prices.

At a White House event alongside Republican lawmakers, Trump committed to lowering the cost of prescription drugs for consumers.

He warned pharmaceutical companies that they would face significant challenges if they failed to agree to these price reductions.

(With inputs from agencies.)