US and China Reach 90-Day Tariff Agreement in Switzerland Trade Talks

US-China Trade Deal Breakthrough

• 🤝 Officials from the US and China have announced a temporary but significant easing of tariffs following extensive talks in Geneva, Switzerland.
• 📈 The agreement includes a 90-day pause on tariffs, with both sides agreeing to reciprocally reduce tariffs by 15%.
• 🌍 This move is seen as a critical step towards stabilizing the global economy, with investors reacting positively to the news.

Other Developments

• 🇺🇦 Ukraine's President Zelenskyy is set to meet in Turkey for ceasefire negotiations with Russia.
• ✈️ President Trump is facing scrutiny over Qatar's consideration of transferring a luxurious jumbo jet for his temporary use, pending legal and security reviews.
• 💊 An executive order aimed at lowering prescription drug costs is set to be signed, potentially reducing prices by 30-80% for medications administered in doctor's offices, though pharmaceutical industry opposition is expected.