President Donald Trump has vowed to force European countries to pay higher drug prices while squeezing healthcare companies to lower prices for US consumers by as much as 80 per cent.
Speaking at the White House on Monday, Trump said his administration would punish countries that refuse to “equalise” their medicines prices with the US or that “extort” drug companies into lowering their charges.
The threat, which included imposing trade sanctions on nations that do not co-operate, opens a new conflict with US trading partners following Trump’s “liberation day” tariffs imposed across the world last month.
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