New Delhi, July 23 -- US President Donald Trump on Tuesday threatened to use import restrictions to force foreign suppliers to reduce drug prices.

Speaking at the White House at an event with Republican lawmakers, Trump further warned pharma companies to face a "lot of problems" if they do not agree to reduce the drug prices in the US.

Trump pledged to reduce what consumers must pay for prescription drugs.

"Drug companies will have lot of problems if they don't agree to bring prices down," he said, making hinting at plans to use trade policy as leverage.

"We are going to get drug prices down. We will use import restrictions to force foreign suppliers to cut drug prices."

The US President's statement comes more than a month after he s...