In his first major action on health care costs this term, President Donald Trump issued a multi-part executive order on Tuesday aimed at lowering drug prices and reducing costs for Medicare. The move comes as his administration seeks to impose tariffs on pharmaceutical imports that many experts have said could lead to drug shortages and price hikes.

US President Donald Trump signed an executive order Tuesday aiming to lower crippling drug prices by giving states more leeway to bargain-hunt abroad and improving the process for price negotiations.Americans face the highest prescription drug prices in the world,

The decision orders the Food and Drug Administration (FDA), which oversees prescription and over-the-counter drugs, to allow additional states to import medicines directly from lower-cost countries