Trump said his executive order on pharmaceutical drug prices would mean that Europeans will have “to pay more for health care, and we’re going to have to pay less.” The U.S. has a separate negotiating period on trade in which goods from the EU are being charged 10% import taxes.

The executive order directs Trump's administration to take actions against "discriminatory" policies in foreign countries that suppress drug prices.

U.S. President Donald Trump plans to sign a wide-reaching executive order on Monday directing drugmakers to lower the prices of their medicines to align with what other countries pay. White House officials said the government will give drugmakers price targets in the next 30 days,