120
submitted 3 days ago* (last edited 3 days ago) by dead@hexbear.net to c/news@hexbear.net

"I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World."

"Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%."

"They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA!"

https://archive.is/3u94Z (reuters)

https://www.axios.com/2025/05/11/trump-drug-prices-executive-order-pharmaceuticals

https://archive.is/3zn6T (truthsocial)

you are viewing a single comment's thread
view the rest of the comments
[-] SerLava@hexbear.net 40 points 3 days ago

There are so many individual coups de grace that Trump could use against the Democrats, I wouldn't be surprised if he crashes his way into one of them.

As always it's more likely that nothing will actually happen here, but it's certainly possible he'll just do some shit like this to make his life incredibly easier

[-] FloridaBoi@hexbear.net 20 points 3 days ago

Yeah this is probably some shit that was already law but they’re actually gonna start doing it.

[-] WoodScientist@hexbear.net 20 points 3 days ago* (last edited 3 days ago)

He's basically claimed unlimited authority to issue whatever tariffs he wants at will, including tariffs against individual companies. If the courts uphold his claim of expansive tariff powers, he can do this with tariffs alone.

The drug companies are all big multinationals. For those located outside the US, regular import tariffs work. Just threaten to tariff the hell out of any foreign drug manufacturer that doesn't agree to the administration's price controls. Add a million percent tariff if need be.

For domestic companies, it's a little more difficult. But still, these are domestic companies with international operations. And exit tariffs are a thing. Congress can tax exports if it wants. And Trump could claim the same power. Any US-based drug company that didn't play ball with prices would face a million percent export tariff.

And this is just tariffs. Patent law could also be wielded to force companies to abide by price caps. And the generic licensing market could be used similarly. And there are so many national security laws that can be adopted. If certain emergencies are declared, the president can flat-out order companies to produce certain goods.

Oh, Ozempic is too expensive? Trump just declared obesity a threat to national defense, and he's ordered a hundred companies to produce Ozempic and similar drugs, at quantities 10x what would be needed to dose the entire population. The country is soon swimming in weight loss drugs and the price crashes through the floor. Your insurance company starts paying YOU to take them.

this post was submitted on 12 May 2025
120 points (100.0% liked)

news

24029 readers
776 users here now

Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.

Rules:

-- PLEASE KEEP POST TITLES INFORMATIVE --

-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --

-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --

-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --

-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--

-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--

-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --

-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --

founded 4 years ago
MODERATORS