President Trump will introduce a "most favored nation" plan aimed at cutting Medicare drug prices by linking them to the prices of medication abroad, sources told CBS News.

President Donald Trump is preparing to revive a plan to significantly reduce drug prices by linking what the U.S. government pays for certain medications to the lower prices charged in other countries, according to three sources who spoke to Politico.

Trump wanted to advance the ‘most favored nation’ policy in his first term but faced resistance from industry and the courts.