Trump threatens trade war to lower drug prices – | Political News
President Donald Trump has vowed to use restrictive trade insurance policies to drive overseas nations to pay more for prescribed drugs as he pushes for drugmakers to lower the price of medicines n in the US.
It comes after Trump final week signed an govt order which set a 30-day deadline for drugmakers to electively lower the price of prescribed drugs in the US or face new limits over what the federal government pays.
Speaking at the White House on Thursday, Trump hit out at overseas international locations for paying a fraction of what Americans have to shell out for their medicines, accusing international locations of forcing drug corporations to settle for low prices.
“The drug companies are very worried that they [foreign countries] are going to fight. And that’s ok. If they fight, we’ll just say, ‘That’s ok, we’re just not going to let you sell any more cars into the US or we’re not gonna let you sell any more wine or liquor or alcohol or something that’s actually way more important to them than the drugs,” he mentioned.
If offers usually are not reached to lower drug prices within the next month, Trump’s order calls on the health division to develop a new rule that ties the price the US pays for medicines to lower prices paid by different international locations.
Trump made the feedback while showing alongside Health Secretary Robert F. Kennedy Jr as they introduced the release of the extremely-anticipated “Make America Healthy Again” report.
The report, led by the so-called “MAHA Commission,” known as for more scrutiny of the childhood vaccine schedule and a review of the pesticides sprayed on US crops.
In February, Trump signed an govt order establishing the Commission, which was tasked with wanting into the “threat” that prescribed drugs, chemical compounds and sure food ingredients pose to kids.
The report described American kids as “overmedicated and undernourished.” It also questioned faculty mandates that require kids to get vaccinated for admittance.
The report urged the National Institutes of Health to perform research of ultraprocessed meals.
The report criticised the use of glyphosate – a chemical sprayed on crops – saying it might trigger health points including cancer.
The National Corn Growers Association dismissed the report’s claims as “fear-based rather than science-based information about pesticides.”
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