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8 hours ago
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Source: AFP
US President Donald Trump said Monday helium would slash cause prices truthful that they lucifer costs abroad, accusing the "brutal" European Union successful peculiar of forcing pharmaceutical firms to little prices connected its turf.
Trump claimed arsenic helium signed the enforcement bid astatine the White House that cause prices should autumn by astatine slightest 59 percent -- and successful immoderate cases arsenic precocious arsenic 80 oregon 90 percent.
Under the plan, Trump aims to institute a "Most Favored Nation" argumentation that pins the outgo of drugs sold successful the United States to the lowest terms paid by different countries for the aforesaid drug.
"Whoever is paying the lowest price, that's the terms that we're going to get," Trump said.
The US president's program volition number chiefly connected the goodwill of pharmaceutical companies to negociate their prices and could look ineligible challenges, arsenic did a akin connection Trump pushed during his archetypal term.
Trump said American consumers had been treated similar "suckers" and cited successful peculiar the costs of the obesity-reducing cause Ozempic, which helium said were vastly higher successful Europe.
He blasted the European Union federation successful peculiar implicit cause prices, alleging that the 27-nation bloc forced pharmaceutical firms to little their costs connected their territory.
"It was truly the countries that forced Big Pharma to bash things that, frankly, I'm not definite they truly felt comfy doing, but they've gotten distant with it," Trump said.
"The European Union has been brutal, brutal. And the cause companies really told maine stories it was conscionable brutal, however they forced them."
'Powerful lobby'
Trump said helium would besides bid an probe into countries that "extort" cause companies by "blocking their products" unless they accepted debased prices.
But Trump added that helium was besides "doing this against the astir almighty lobby successful the satellite -- the cause and pharmaceutical lobby."
Health Secretary Robert Kennedy Jr, who has caused contention for his skepticism implicit vaccinations, praised the plan.
"There has ne'er been a president much consenting to basal up to the oligarchs than Donald Trump," Kennedy said arsenic helium stood adjacent to the billionaire spot developer.
Trump had trailed the announcement of the 59 percent chopped earlier connected Monday.
"DRUG PRICES TO BE CUT BY 59%, PLUS! Gasoline, Energy, Groceries, and each different costs, DOWN. NO INFLATION!!!" Trump posted connected his Truth Social platform.
The simplification successful medicine cause costs successful the United States would, helium added successful his post, beryllium counterbalanced by higher costs successful different countries.
"Most favored nation" presumption is simply a World Trade Organization regularisation that aims to forestall favoritism betwixt a state and its trading partners, levelling the playing tract for planetary trade.
This is not the archetypal clip that Trump has attempted to little US cause prices.
During his archetypal 2017-2021 word successful office, helium announced a akin connection to chopped US cause prices but his plans failed successful the look of beardown absorption from the pharmaceutical industry.
Last month, the US president signed an enforcement bid aiming to little crippling cause prices by giving states much leeway to bargain-hunt overseas and improving the process for terms negotiations.
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Source: AFP
