Trump Announces Order to Reduce Prescription Drug Prices

The order would see a drop in prescription drug prices of between 30 percent and 80 percent, President Donald Trump said.

Prescription drugs are displayed at NYC Discount Pharmacy in Manhattan in New York City on July 23, 2024. Spencer Platt/Getty Images

President Donald Trump announced on May 11 that he would sign an executive order that he said would reduce prescription drug prices “almost immediately.”

“I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country’s history,” Trump said in a post on Truth Social.