Trump says European Union is "nastier than China"

Driving the news: During the news conference, Trump announced an executive order aimed at cutting prescription drugs and pharmaceutical prices.

• He said that Europeans should have to pay more for health care and take on financial burdens.
• Trump said the U.S. has "all the cards" in trade deals with the EU.

What he's saying: "The health care companies should make pretty much the same money," Trump said. "I really don't believe they should be affected very much because it's just a redistribution of wealth."

• "Europe's going to have to pay a little bit more. The rest of the world is going to have to pay a little bit more," he added. "And America is going to pay a lot less."
• He said the U.S. has been "subsidizing" Europeans' health care.

By the numbers: Trump, in his remarks Monday, insisted Europe sells the U.S. 13 million cars a year and the U.S. sells none in return.

• The European Automobile Manufacturers Association has said it's not quite that stark, according to a March fact sheet.
• About 750,000 cars were exported from the EU to the U.S. last year, against about 170,000 cars exported from the U.S. to Europe.

Our thought bubble, from Axios' Ben Berkowitz: Trump's tough talk with Europe may go farther than it did with China, which responded to his tariffs almost instantly with their own tit-for-tat retaliation.

• The EU, on the other hand, recently launched a public review of a proposed list of $100 billion in possible tariff targets, which will last a month and be followed by more political negotiations, before any possible implementation in mid-summer.
• Any trade talks may also be colored by the administration's well-known skepticism about America's relationship with Europe.

Go deeper: EU rolls out $100 billion U.S. tariff list for public comment

Editor's note: This story has been updated with additional details from the press conference.