Trump to sign executive order to cut prescription drug prices by 30% to 80% — he says to match other countries

President Trump vowed to bring “FAIRNESS TO AMERICA!” by deeply slashing prescription drug prices through an executive order he plans to sign Monday morning.

Trump promised to implement what he called “most favored nation” pricing, which would cut pharmaceutical and prescription drug prices “almost immediately, by 30% to 80%,” he announced in a Truth Social post Sunday night.

“I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World,” he added.

The US spends $400 billion on prescription drugs every year — often triple what other countries spend and typically more than any other nation.