Trump Announces AstraZeneca Drug Price Cuts for Tariff Reprieve

President Donald Trump announced a deal with AstraZeneca Plc to slash consumer prices on some of the company’s drugs in exchange for tariff relief, in the second major deal between the White House and a pharmaceutical company seeking to reduce healthcare costs for Americans.

“AstraZeneca, the largest pharmaceutical manufacturer in the United Kingdom, is committing to offer Americans major discounts on their vast catalog of prescription drugs,” Trump said Friday in the Oval Office, where he was joined by AstraZeneca Chief Executive Officer Pascal Soriot.

The deal — similar to a pact announced last week by Pfizer Inc. — ...