Two marathon press sessions included a claim that drug prices could be reduced by 1,000 percent and cited examples of a product selling for $80 in Germany versus $1,300 in the United States. The claim included threats of tariffs against countries that do not cooperate and statements that drug companies and other countries had been subsidized by U.S. pricing. A team was named to address the issue, and cooperation from drug companies was asserted. The statement went viral and received a Community Note that used a simple arithmetic correction: a 100 percent price reduction results in a zero price, highlighting the impossibility of a 1,000 percent decrease.
PRESIDENT DONALD TRUMP: I will tell you that we are going to be doing numbers on the cost of drugs in this country, that it's I'm not talking about a 20 percent decrease, which would be good. I'm talking about 1,000 percent decrease. We're talking about where a product would sell for $80 in Germany, and $1,300 here, and we're not going to do that.
We were subsidizing the entire world, and we're not doing it anymore. I informed the drug companies. I informed the world. And if the world wants to if countries in the world don't want to go along, then I'm going to put tariffs on those countries and I'll make we'll make more money, but they have to go along with it. So, this is moving along rapidly.
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