Trump demands lower drug prices, warns of penalties for pharma firms
In letters to 17 drug companies published on his Platform Truth Social, Trump said he wants the firms to work with his administration to institute a series of changes within 60 days
A file photo of medications displayed on shelves at a pharmacy in Los Angeles, California. U.S, May 12, 2025. President Donald Trump signed an executive order aimed at reducing the cost of prescription drugs and pharmaceuticals by 30% to 80%.
Image: Eric Thayer/Getty Images
US President Donald Trump told major pharmaceutical firms Thursday to lower prices or face punishment, as he moved to give Americans relief from medicine costs much higher than elsewhere in the world.
In letters to 17 drug companies published on his Platform Truth Social, Trump said he wants the firms to work with his administration to institute a series of changes within 60 days.
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"If you refuse to step up we will deploy every tool in our arsenal to protect American families from continued abusive drug pricing practices," Trump wrote without specifying what the consequences would entail.
Trump is following up an on executive order he signed in May to address US drug prices that are among the highest in the world—more than three times what people in similarly developed countries pay, the White House said Thursday.
