Trump Eyes Fresh Tariff Probe Focused on Foreign Drug Prices

President Donald Trump is planning to launch a new investigation into drug prices aimed at ensuring foreign countries pay as much as Americans do for their medicines, according to people familiar with the matter.

The probe would fall under Section 301 of the Trade Act of 1974, the people said, declining to be identified because discussions are private. Section 301 is a powerful tool that gives the president powers to impose tariffs in response to other nations’ trade measures it deems as discriminatory to American businesses or in violation of US rights under international trade agreements.

The White House declined ...