Trump, Nation
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President Donald Trump wants drugmakers to work with his federal health department to reach an agreement on a most favored nation price for their medicines.
Under Article 1 of the General Agreement on Tariffs and Trade (GATT), 1994, every member country of the World Trade Organization (WTO) must accord Most Favoured Nation (MFN) status to all other member countries.
On Sunday, President Trump posted to Truth Social that he planned on implementing a most-favored-nation policy for pharmaceutical drug prices.
The White House unveiled a sweeping plan to try to lower prescription drug prices, one that calls for a "most-favored nation" policy and tighter enforcement of anti-competitive practices.