President Trump said Tuesday that the hefty tariff rate on China will significantly be reduced after he negotiates with Chinese President Xi Jinping, expressing optimism about a trade deal.
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Key business and economic news with implications this week and beyond:
Full StoryTesla CEO Elon Musk said on Tuesday he plans to spend less time working on the White House’s Department of Government Efficiency (DOGE) initiatives to focus more on the electric vehicle manufacturer, which saw its sales plummet in the first quarter.
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Trump’s campaign promises will be the hard part for the committee phase of reconciliation
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Musk says he’ll spend less time in Washington and more time running Tesla after its profit plunges
Full StoryTop stories on The Hill right now:
Tesla’s quarterly earnings dropped by 71 percent, the company announced Monday, marking the latest sign of bad news for Elon Musk’s electric vehicle manufacturer as scrutiny of the tech billionaire persists. Read more
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