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The U.S. and China agreed to slash reciprocal tariffs in a major step toward easing their ongoing trade war.A joint statement 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, according to a Truth Social post.China said its tariffs on U.S. goods will fall to 10% from 125%. Follow along for live updates.
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