Trump claims Pfizer deal will cut drug prices by '300% or more'

President Donald Trump boasted Tuesday that his deal with Pfizer would slash drug prices by “300% or more,” a mathematically impossible claim. The agreement, according to CNBC, trades a three-year suspension of tariffs for the pharmaceutical giant’s pledge to build U.S. manufacturing plants, with Trump hyping the announcement as “one of the biggest things that we’ll do.”