President Donald Trump on Saturday called himself the “affordability president,” citing his agreements with pharmaceutical companies to lower prescription costs. He encouraged Republicans to highlight these price reductions as the 2026 mid-term elections approach. On TruthSocial, Trump claimed that invoking “favored nations status” for the U.S. caused drug prices to fall “at levels never seen before” and described the effort as a revolutionary step toward more affordable healthcare. He urged supporters to communicate this achievement loudly, framing it as a key to electoral success.
The administration has also acted to reduce costs on food and fuel while attempting to slow inflation. Trump secured commitments from Novo Nordisk and Eli Lilly to cut prices on GLP-1 weight-loss drugs, and AstraZeneca agreed to cap Medicaid prices at levels no higher than those abroad. Earlier this month, he signed an executive order rolling back tariffs on essential groceries, including beef, coffee, tomatoes, and bananas, aiming to make life more affordable for American families.
Officials framed the tariff reductions as part of a broader economic strategy to restore affordability. U.S. Trade Representative Jamieson Greer said the moves reflect strategic negotiations with key exporters, while Treasury Secretary Scott Bessent noted that lifting duties on imported items Americans rely on will quickly lower prices, benefiting consumers and complementing Trump’s efforts to curb household costs.