Trump blames ‘brutal’ Europe for soaring drug costs in bid to curb U.S. prices

Quick Summary:

Trump vows to cut U.S.drug prices by up to 90%, blaming Europe’s pricing tactics and tasking RFK Jr.with brokering deals with pharma giants.

Trump tasked Kennedy, who has caused controversy for his skepticism over vaccinations, to negotiate with pharma firms to lower prices over the next month.

Drug prices in the United States are among the highest in the world and they surpass what European countries pay.

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Article Details

Author / Journalist: AFP

Category: EconomyBusiness

Markets: United States

Topics: Pharmaceutical Industry Europe LondonWires Donald Trump Drugs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 09:32:36 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 618 words

Reading Time: 4 minutes read

Sentences: 5 lines

Sentence Length: 124 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28671133

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 40 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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