US President Donald Trump says Pfizer will cut the price of all prescription drugs in the country’s Medicaid program for those on low incomes and sell new prescription drugs at a “most favoured nation” price in exchange for tariff relief. Mr Trump also said he expects other drug makers to follow suit. Mr Trump sent letters to 17 leading drug companies in July telling them to slash drug prices to match those paid overseas - a policy the US President has called most favoured nation pricing. The White House is also planning to unveil a direct-to-consumer website for people in the US to buy drugs, called TrumpRx. The launch prices of drugs in the United States have been rising significantly in recent years.