The order is based on a "most favored nation" pricing model, which is similar to a policy Trump pushed in his first administration.

More than 100 days into President Donald Trump’s second term, the administration has fallen into a pattern. Trump releases an executive order with an expansive title accompanied by even more expansive claims from the president and senior officials about the effects of the directive.

The executive order directs Trump's administration to take actions against "discriminatory" policies in foreign countries that suppress drug prices.