US President Trump says the US has historically been subsidising nations pharmaceutical prices, Trump tariffs achieved a favoured nation policy. French President Macron was "tough" in his address at Davos on Tuesday, Trump says he "actually likes" Macron.
Importance
Level 1
- On pharmaceuticals, says European prices do not need to go up all the way they can go up a "little bit" (suggests doubling from USD 10 to USD 20) and the US can go down a lot.
- Says he threatened French President Macron, and other unnamed leaders he spoke to, with 20%, 30% or 35% tariffs depending on the nation, if they did not agree to the above drug/pharmaceutical price change.
- US pharmaceutical prices will come down some 90%.
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