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China, US slash sweeping tariffs in trade war climbdown
China, US slash sweeping tariffs in trade war climbdown
Business and Economy
by  AFP

The United States and China slashed sweeping tariffs on each others' goods for 90 days on Wednesday, marking a temporary de-escalation in a brutal trade war that roiled global markets and international supply chains. China said Wednesday it was suspending certain non-tariff countermeasures too for 90 days, according to a commerce ministry spokesperson.

Trump drug price plan could nix investment, warns Roche
Trump drug price plan could nix investment, warns Roche
Business and Economy
by  AFP

President Donald Trump's plans to dramatically slash drug prices for Americans could make Swiss pharmaceutical giant Roche cancel major investments in the United States, it said Wednesday. Swiss newspaper NZZ reported Trump's move could lead Roche to reassess plans it announced just last month to invest $50 billion in the United States over five years.