US drug prices are up to five times higher than in other developed nations. Trump's order requires US drug prices to align with the lowest prices paid in those countries. He framed the move as a long-overdue correction to "decades of unfair pricing," claiming that US consumers have been subsidizing drug costs globally.

President Donald Trump signed an executive order this week setting a 30-day deadline for drugmakers to electively lower prices in the U.S. or face new limits on what the government will pay