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Health policy experts said it is still unclear how much prices will go down, which medicines will be impacted and whether the effort can be implemented at all.
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Austan D. Goolsbee, president of the Chicago Fed, said there was still a risk of higher consumer prices and slower growth amid elevated uncertainty about the White House's trade policy.
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Trump signs executive order setting 30-day deadline for drugmakers to lower prescription drug costs.
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Trump signs an order to reduce drug prices, but it's unclear how it would work NPRTrump Plan Would Tie Some Drug Prices to What Peer Nations Pay The New York TimesTrump Signs Executive Order Aiming to Lower Prescription Drug Prices U.S. News & World ReportTrump signs executive order to demand pharma industry cuts prices Reuters
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The new deal between the United States and China means Americans can expect smaller price hikes in coming weeks and fewer shortages.
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