- Markets explode on tariff truce with China & Trump claims that their ties have "reset." Trump says the US has achieved a "total reset" in relations with China after both countries agreed to reduce tariffs on each other's goods. For Trump, It’s a New Era of Deal-Making with China and other countries.
- Trump seeks to lower the cost of prescription drugs in the U.S. and signed an executive order on drug prices.
- The US President said he may join the Russian and Ukrainian leaders in Turkey on Thursday for a possible summit the four countries are considering. “I was thinking about flying over.”
Washington, DC, May 12.– President Trump held a remarkable press conference Monday detailing the progress he has made in his trade negotiations, as well as his decision to bring drug prices in line with those prevailing in other countries, thereby significantly reducing Medicare and Medicaid spending.
US tariffs on Chinese imports will fall from 145% to 30%, while Chinese tariffs on US goods will fall from 125% to 10%, thus the US marking a significant victory for the US President since he announced his "Liberation Day" tariffs in April.
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Francis was at times a controversial figure in his own church. Conservative critics charged him with bending church dogma as a concession to modern mores. Progressives, meanwhile, were disappointed that he did not go further to include LGBTQ Catholics and women in church leadership roles.