Global Trade Alert
Global Trade Alert

United States of America: U.S. Administration issues Executive Order to implement Most-Favoured-Nation prescription drug pricing

Announcement

12 May 2025

In May 2025, the US Administration issued an Executive Order directing federal agencies to ensure that American patients pay no more than the lowest price charged for prescription drugs in other developed nations.

Source

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Number of interventions

1

0 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Clarification: 31 Jul 2025
Instrument unclear

Update

On 31 July 2025, the White House issued separate letters to 17 pharmaceutical manufacturers calling for immediate action to align U.S. drug prices with those in other ...

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Related State Acts

Announced: 31 Aug 2026

United States of America: Agreement with Sun Pharma on most-favoured-nation drug pricing and tariff deferral

Announced: 31 Aug 2026

United States of America: Agreement with UCB on most-favoured-nation drug pricing and tariff exemption

Announced: 31 Aug 2026

United States of America: Agreement with Kyowa Kirin on most-favoured-nation drug pricing and tariff deferral

Announced: 31 Aug 2026

United States of America: Agreements with CSL on most-favoured-nation drug pricing and onshoring

Announced: 31 Aug 2026

United States of America: Agreement with BeOne Medicines on most-favoured-nation drug pricing and tariff exemption

Announced: 18 Jun 2026

United States of America: Initiation of Section 301 investigation into Germany's pharmaceutical pricing

Clarification: 30 Oct 2026

United States of America: Agreement with Regeneron on Most-Favoured-Nation drug pricing and tariff exemption

Announced: 12 Jan 2026

United States of America: Agreement with AbbVie on Most-Favoured-Nation drug pricing and tariff exemption

Announced: 08 Jan 2026

United States of America: Agreement with Johnson & Johnson on Most-Favoured-Nation drug pricing and tariff exemption

Announced: 19 Dec 2025

United States of America: Agreement with Amgen on Most-Favoured-Nation drug pricing and tariff exemption

Announced: 19 Dec 2025

United States of America: Agreement with Boehringer Ingelheim on Most-Favoured-Nation drug pricing and tariff exemption

Announced: 19 Dec 2025

United States of America: Agreement with Bristol Myers Squibb on Most-Favoured-Nation drug pricing and tariff exemption

Announced: 19 Dec 2025

United States of America: Agreement with Genentech on Most-Favoured-Nation drug pricing and tariff exemption

Announced: 19 Dec 2025

United States of America: Agreement with Gilead on Most-Favoured-Nation drug pricing and tariff exemption

Clarification: 08 Sep 2026

United States of America: Agreement with GSK on Most-Favoured-Nation drug pricing and tariff exemption

Announced: 19 Dec 2025

United States of America: Agreement with Merck on Most-Favoured-Nation drug pricing and tariff exemption

Announced: 19 Dec 2025

United States of America: Agreement with Novartis on Most-Favoured-Nation drug pricing and tariff exemption

Implemented: 02 Apr 2026

United States of America: Agreement with Sanofi on Most-Favoured-Nation drug pricing and tariff exemption

Clarification: 28 Sep 2026

United States of America: U.S. Administration imposes Section 232 tariffs on pharmaceutical imports

Threads

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United States: Drug Pricing Agreements

This Thread tracks the U.S. Administration’s agreements with pharmaceutical companies. It is based on the Executive Order titled “Delivering Most-Favored-Nation (MFN) Prescription Drug Pricing to American Patients.” These agreements include tariff relief measures for pharmaceutical companies in return for their commitments to implement most-favored-nation pricing for their drugs and to invest i...

Published: 11 Nov 2025

93

interventions

2

jurisdictions

Harmful Trade Policy Measures

This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

73860

interventions

193

jurisdictions