It seems this is really about keeping drug prices about the same but increasing them for other countries.

Trump isn't one for details but I watched his announcement and the examples he rattled off seemed to have one thing in common, countries with single-buyer national insurance and subsidized prices to patients. A patient might pay $20 but the national insurance purchases the drugs at a higher price.

> This is not the first time President Trump has tried to tie drug prices to what other countries pay. During Trump's first term, a court blocked a proposed international reference pricing program.

Thinking we might see the same outcome. And that Trump allies took short positions on pharma stocks.