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News
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Amanda Seitz, Associated Press
, Seung Min Kim, Associated Press
, Will Weissert, Associated Press
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May 12, 2025
Trump says he’ll set 30-day deadline for drugmakers to lower the cost of prescription drugs
If a deal is not reached, a new rule will kick in tying the price of what the U.S. pays for medications to lower prices paid by other countries.
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Jamey Keaten, Associated Press
, David McHugh, Associated Press
, Elaine Kurtenbach, Associated Press
, Ken Moritsugu, Associated Press
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May 12, 2025
US and China take a step back from sky-high tariffs, agree to pause for 90 days
The U.S. has agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China has agreed to lower its rate on U.S. goods by the same amount to 10%.
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Josh Boak, Associated Press
, Chris Megerian, Associated Press
, Jill Lawless, Associated Press
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May 8, 2025
Trump agrees to cut tariffs on UK autos, steel and aluminum in a planned trade deal with Britain
Thursday's announcement provides a degree of validation for Trump’s claims his approach on trade may be able to rebalance the global economy on his preferred terms.
