What to Know
- The U.S. and China agreed to slash reciprocal tariffs in a major step toward easing their ongoing trade war.
- A said that for a 90-day period, the U.S. will cut tariffs on Chinese goods to 30% from as high as 145%. China said its tariffs on U.S. goods will fall to 10% from 125%.
- President Donald Trump is leaving for Saudi Arabia today, marking his first major international trip of his second term.
- Trump plans to sign an executive order this morning that aims to lower prescription drug prices, .
China said its tariffs on U.S. goods will fall to 10% from 125%. Follow along for live updates.
