Trump to sign executive order to cut prescription drug prices up to 80%

President Donald Trump unveiled plans Sunday for a new policy on pharmaceuticals he claimed would reduce US prescription drug prices by between 30 and 80 percent.

“They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA!" Trump wrote in a social media post, adding he planned to sign an executive order bringing the new policy into effect at 9:00 am (1300 GMT) on Monday.

Trump said he planned to institute a “MOST FAVORED NATION’S" policy that pinned the cost of drugs sold in the United States to the lowest price paid by other countries for the same drug.