France Rejects Trump Claim of Forcing Higher Drug Prices via Tariff Threats

Donald Trump claimed at Davos he pressured France to raise drug prices with tariff threats, but the French presidency rejected the assertion as misinformation.

Insights:
donald trump stated at the World Economic Forum in Davos on January 21, 2026, that he threatened emmanuel macron with 25% tariffs on French FRFRgoods and 100-200% tariffs on wines and champagnes. The U.S. USUSPresident asserted that this pressure was intended to force the Frenchleader to increase domestic drug prices within the Frenchpharmaceutical sector. donald trump further claimed that emmanuel macron had agreed to these demands in response to the specific tariff threats.
U.S. President Donald Trump meets with French President Emmanuel Macron during the 80th United Nations General Assembly in New York City, New York, U.S., September 23, 2025. REUTERS/Al Drago/File Photo
U.S. President Donald Trump meets with French President Emmanuel Macron during the 80th United Nations General Assembly in New York City, New York, U.S., September 23, 2025. REUTERS/Al Drago/File Photo
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