President Donald Trump announced on Tuesday a drug pricing deal with Pfizer that will see the pharmaceutical giant lower the cost of its medications for Americans.

Trump made the announcement from the Oval Office at the White House, saying that Pfizer has committed to offering its prescription medications to Medicaid at the reduced "most favored nation prices."

Pfizer is agreeing to provide some of their most popular current medications to all consumers at heavily discounted prices of anywhere between 50% and even 100%. And that's off, that's off the price. And in some cases, even more than that."

The president added that the U.S. "is done subsidizing the health care of the rest of the world."

Trump said the drugs will be available for direct purchase online at a website run by the

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