TRUMP: US could use trade as leverage in effort to bring down drug prices

President Donald Trump alluded to a new commercial tactic on Tuesday evening. Speaking at an event at the White House, which included Republican allies from congress and the Council of Ministers, Trump said that if pharmaceutical companies and other countries are not delayed from the policy of the most preferred nation to reduce the prices of medicines for Americans, Trump is considering using their hands trade.

During the president’s speech almost at the Tuesday night event, he expected his administration policies to lead to a 1,000 % decrease in drug prices for Americans, if his plan had started in the fruits. The event that the president spoke to celebrate the victory in the Republican Party during his first six months, but sometimes the president spoke to some of his policies, such as providing the most preferred drug pricing.

“We are working hard at the present time to make other countries to raise their prices a little, and to get pharmaceutical companies to put them on them. If you do not, pharmaceutical companies will face many problems,” Trump said on Tuesday. “And if the two countries do not, as an example, if Europe, I will say,” this is good. It is no longer allowed to sell cars in America. You no longer have to have Mercedes, BMW, Volkswagen, or any of the many other cars. “They will say,” Oh, I love the idea of declining drug prices for America. “

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Trump’s most preferred policy will lead to the prices of drugs in the United States, which is the highest in the world, will lead to the lowest price paid by other developed countries. However, given that the United States is a profitable market for these companies, the process may require countries to raise their prices slightly so that manufacturers feel more comfortable about linking prices to the United States.

During Trump’s speech, he recalled a familiar story of his friend, whom the president said he took OzemPic, which the president refers to as “fat drugs”, and was able to obtain the drug for $ 88 in Europe, while paying about $ 1,300 in the United States.

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The image of President Donald Trump along with a picture of a bottle of pill. Trump said on Tuesday that he would consider using trade as a possible mechanism to help reduce US drugs. (Getty Images)

“The same factory, the same company you make. The same is everything,” Trump said on Tuesday.

“I made it clear to him that this is the way it was for many years, as people already go to Europe to buy drugs. When they return, they are loaded. In fact, sometimes they are arrested because they believe many drug addicts. They only buy months of offer because they are sometimes one, eight, one, one, half of it.

President Trump signed an executive order in May, which started the process of implementing the policy of the most preferred nation, which aims to reduce medicine prices for Americans. (Getty Images)

Trump signed an executive order in May asking federal agencies, such as the Ministry of Health and Humanitarian Services, Medicare and Medicaid Services Centers, to start developing the policy of the most preferred country.

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Currently, the program is voluntary but no final agreements have been concluded.