What we covered here
• Trade war breakthrough: The US and China agreed to drastically roll back tariffs on each other’s goods for an initial 90 days, de-escalating a punishing trade war and buoying global markets.
• Lowering drug prices: President Donald Trump signed an executive order that his administration says will crack down on “unreasonable and discriminatory practices” by foreign countries that suppress drug prices abroad. It’s unclear whether Americans will see lower prices and what authority the US has to direct drug pricing in other countries.
• Middle East trip: Trump will visit three wealthy Gulf Arab nations this week, hoping to deepen economic ties. Here’s what to watch for.
• Qatari jet: Trump’s trip comes as his administration is expected to accept a luxury jet from the Qatari royal family to use as Air Force One, raising legal and ethical questions. The White House said today that the legal details on accepting the Boeing 747-8 are “still being worked out,” while Trump defended the plan, saying he would be a “stupid person” if he turned down a free jet.