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The US–China Trade Deal: Tariff Cuts, Market Access, and What’s Next | Capitol Report

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The US–China Trade Deal: Tariff Cuts, Market Access, and What’s Next | Capitol Report
May-12-2025
President Donald Trump touts a “total reset” with China as both countries agree to drastically cut tariffs. But he also warns that China tariffs could go much higher if a deal isn’t reached in a few months. The president on Monday also signs a sweeping executive order directing pharmaceutical companies to lower drug costs. The ...
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