Trump Signs Executive Order To Lower Drug Costs

May 12, 2025 5:09 am

(AP) – President Donald Trump has signed an executive order meant to try to lower drug costs for American consumers. A White House official said the order also sets a 30-day deadline for the Health Department to broker new price tags for drugs. If a deal is not reached, a new rule will kick in that will tie the price of what the U.S. pays for medications to the lowest price paid by other countries.