USNEWS: [0]<p>> Under the planned order, the federal government would tie what it pays pharmaceutical companies for those drugs to the price paid by a group of other, economically advanced countries — the so-called “most favored nation" approach.<p>> The proposal will face fierce opposition from the pharmaceutical industry.<p>> It was a rule that Trump tried to adopt during his first term, but could never get through. He signed a similar executive order in the final weeks of his presidency, but a court order later blocked the rule from going into effect under the Biden administration.<p>AXIOS [1]<p>> Worth noting: Trump earlier this year rescinded a similar executive order from former President Biden that also aimed to lower prescription drug costs.<p>> Zoom out: Trump is expected to impose tariffs on pharmaceuticals produced overseas in the coming weeks. Experts say such a policy could increase drug costs and exacerbate shortages.<p>[0] <a href="https://www.usnews.com/news/health-news/articles/2025-05-11/trump-promises-to-order-that-the-us-pay-only-the-price-other-nations-do-for-some-drugs" rel="nofollow">https://www.usnews.com/news/health-news/articles/2025-05-11/...</a><p>[1] <a href="https://www.axios.com/2025/04/16/trump-drug-pricing-order-costs" rel="nofollow">https://www.axios.com/2025/04/16/trump-drug-pricing-order-co...</a>