Live updates and the latest news as the U.S. and China pause tariffs and Trump signs an executive order aimed at lowering drug prices.

The de-escalation provides both sides with breathing space to find a way to preserve trading ties that were threatening to grind to a halt.

25% tariffs on imports from Canada and Mexico not covered under the 2018 USMCA trade agreement brokered during Trump's first term. The deal covers roughly half of all imports from Canada and about a third of those from Mexico, so the rest are subject to the new tariffs. Energy imports not covered by USMCA only will be taxed at 10%.

U.S. and China dramatically scale back tariffs after weekend trade talks in Switzerland. — Trump heads to the Middle East with multiple strands of his presidency at critical junctures. Dasha has the readout from Trump world.