1 August 2025 - US President Donald Trump has blamed “foreign freeloading nations” for the high drug prices faced by Americans and told pharmaceutical firms to negotiate harder with other countries, in a new threat to programs such as Australia’s PBS.

Trump issued letters to the bosses of 17 drug firms on Thursday (Friday AEST) demanding they extend “most favoured nation” pricing to the US Medicaid scheme, and guarantee such pricing for new drugs. It means other comparable, high-income nations could not be offered cheaper prices than the US.

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