Medical sector falls, Trump toughens up again: Drug prices to be reduced by 1400% to 1500%

Caijing APP learned that on Monday, US President Trump said that his government will significantly reduce drug prices, by as much as 1400% to 1500%, and reiterated his strong stance on pharmaceutical prices, while also planning to impose higher tariffs on imported drugs. Trump bluntly stated at a press conference, "The drug prices in the US need to be drastically cut." However, Trump's exaggerated statement is fundamentally not feasible from a mathematical perspective. In theory, if the price of a drug decreases by more than 100%, it means that people would actually receive money when purchasing the medication.