Try refreshing your browser, or Pfizer agrees to lower prescription drug costs for Medicaid in a deal with Trump Back to video We apologize, but this video has failed to load. Besides committing to lowering costs, Trump said, Pfizer agreed to spend $70 billion in domestic manufacturing facilities. Article content Trump has been talking for months about the need to lower drug prices. Trump has claimed that the U.S., with its higher drug prices, subsidizes care in other countries. On Thursday, Trump announced a move that could raise future drug prices: 100% import taxes on branded drugs starting Wednesday.