Headlines
Denmark says Trump's drug pricing order is a step in the wrong direction
Published by Global Banking & Finance Review®
Posted on May 16, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 16, 2025
2 min readLast updated: January 23, 2026
Denmark's business minister criticizes Trump's drug pricing order, citing challenges and uncertainties for Danish pharmaceutical companies and investments.
COPENHAGEN (Reuters) -Denmark's business minister said on Friday that U.S. President Donald Trump's executive order which directs drugmakers to lower drug prices would create uncertainty and challenges for Danish pharmaceutical companies.
The wide-reaching order gives drugmakers price targets in the next 30 days. The U.S. administration has said it will take further action to lower prices if companies do not make "significant progress" toward the goals.
"What Donald Trump has said about pharmaceuticals is just another step in the wrong direction," Morten Bodskov told reporters on Friday following a meeting with representatives from the Danish life science and pharmaceutical industry.
"It creates more uncertainty, it creates new barriers to our trade and it is in every way the wrong way to go," he added.
"We're talking about large globally dominant companies that are of course challenged by what we hear from the U.S. administration."
Bodskov said Trump's order had an impact on billion-dollar investments made by the life science industry.
"Uncertainty is not good for those investments," he said.
Trump said on Monday that the U.S. government would impose tariffs if the prices in the U.S. did not match those in other countries and said he was seeking cuts of between 59% and 90%.
It was not immediately clear which companies and industry organisations had been represented at the meeting with Bodskov.
(Reporting by Isabelle Yr Carlsson and Louise Breusch Rasmussen, editing by Anna Ringstrom and Jane Merriman)
The main topic is Denmark's criticism of Trump's drug pricing order and its impact on Danish pharmaceutical companies.
It creates uncertainty and challenges for Danish pharmaceutical companies, impacting investments.
The US government may impose tariffs if drug prices in the US don't match those in other countries.
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