Trump signs executive order for US drug price reduction

The “Four orders I am signing today will completely re-struct the pharmaceutical market”, Trump said, which has constantly criticised the extremely high prices of drugs.

This decision allows for the import of cheaper drugs from other countries.

Analysts have criticised the decision, stressing it will have little effect.

Since Trump had received the mandate he had criticised high prices in the pharmaceutical market and had warned radical steps to cut prices.

Presidential elections in the United States will be held in November this year. Critics have stressed that such decisions can hardly come into force until then.

The United States is facing a large number of those infected by the new coronary. Over 4 million cases and over 145 thousand victims have been reported so far.