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US President Donald Trump announced deals with nine pharmaceutical companies on Friday, the latest in a series of pacts designed to lower drug prices for some Americans in exchange for a three-year reprieve from threatened tariffs on their products. The most recent pledges mean 14 of the 17 drugmakers targeted by Trump this summer have agreed to lower prices for the Medicaid program for low-income and disabled people, sell discounted drugs directly to consumers and launch new medicines for the same prices in the US as they do abroad. “American drug prices will come down fast and furious, and will soon be among the lowest in the developed world,” Trump said during an event in the Oval Office. ► Subscribe to The Economic Times for the latest video updates. It's free! - https://www.youtube.com/TheEconomicTi... ► More Videos @ ETTV - https://economictimes.indiatimes.com/TV ► https://EconomicTimes.com ► For business news on the go, download ET app: https://etapp.onelink.me/tOvY/Economi... Follow ET on: ► Facebook - / economictimes ► Twitter - / economictimes ► LinkedIn - / economictimes ► Instagram - / the_economic_times ► Flipboard - https://flipboard.com/@economictimes #news #latestnews #economictimes #ET #TheEconomicTimes #businessnews