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The Guardian - AU
The Guardian - AU
National
Krishani Dhanji and Ben Doherty

Trump accuses foreign nations of ‘freeloading’ on drug prices as Australia insists PBS prices won’t rise

U.S. President Donald Trump delivers remarks at the White House in Washington, D.C.
The US president, Donald Trump, has threatened a crackdown on big pharma over cheaper drug prices, but the Australian government insists ‘the PBS is not up for negotiation’. Photograph: Kent Nishimura/Reuters

Donald Trump has threatened a crackdown on major pharmaceutical companies who fail to sell cheaper drugs to the US, and criticised nations “freeloading on US innovation”.

Trump wrote to 17 pharmaceutical companies, demanding they treat the US as the “most favoured nation” and lower prices of drugs for the US Medicaid scheme, and threatened to use “every tool in our arsenal” to crack down on pharmaceutical giants if they fail to cut drug prices for Americans within 60 days.

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