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12.05.2025

12.05.2025 โ€” Trade Truce and Drug Price Day

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This page is an archive of main headlines from the US for 12.05.2025.

It displays 260 headlines from many sources chronologically, as they appeared throughout the day, accompanied by AI overviews that were written in real time.

12.05.2025 โ‡ข Trade Truce and Drug Price Day
โŒจThe U.S. and China agreed to a 90-day tariff reduction, slashing duties from 125% to 10% - a dramatic shift from Trump's previous aggressive stance. Markets responded enthusiastically, with the Dow surging 1,000 points as economists suggested the truce could help prevent a recession.

Trump signed an executive order on prescription drug prices, giving pharmaceutical companies 30 days to lower costs or face government price controls. The order claimed potential savings of 30-80%.

American-Israeli hostage Edan Alexander was freed from Hamas captivity after 584 days, with Trump claiming credit ahead of his Middle East trip.

The controversy over Qatar's offer of a Boeing 747-8 jet for Trump's use intensified, with Trump defending it as a "great gesture" despite mounting ethical and constitutional concerns. Media noted Trump might keep the jet after leaving office.

Sean "Diddy" Combs' sex trafficking trial began with prosecutors presenting video evidence and disturbing testimony.
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04:30โ‡ขQatar Jet Gift Scandal Intensifies

โŒจThe newspapers report President Trump's plan to sign an executive order reducing prescription drug prices by 30-80% (Breitbart, CBS, The Epoch Times, NY Post). His upcoming Middle East trip to Saudi Arabia, Qatar, and UAE continues to generate controversy, particularly regarding Qatar's offer of a luxury Boeing 747-8 jet for presidential use, which Trump reportedly intends to keep after leaving office (CNN, Fox News, NYTimes, HuffPost, The Daily Beast). In immigration news, an ICE arrest in Worcester sparked community protests (Boston Globe), while the Trump administration is reportedly considering suspending habeas corpus for detained migrants (NBC News), and debates over birthright citizenship intensify ahead of Supreme Court arguments (The Hill).
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08:52โ‡ข90-Day U.S.-China Tariff Truce

โŒจThe newspapers extensively report on a significant breakthrough in U.S.-China trade relations, with both countries agreeing to roll back most reciprocal tariffs for a 90-day period (ABC, Boston Globe, CBS, CNN, Epoch Times, Fox, NBC, NYTimes, Washington Post, AP, USA Today). The temporary suspension is described as a major step toward easing the ongoing trade war, following negotiations in Switzerland. Separately, media continues covering the controversy over Qatar reportedly giving President Trump a new airplane, with NPR and Newsweek noting Trump may keep the jet even after leaving office.
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11:36โ‡ข

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Sri Lankaโ€™s new left-wing government has already been tested by tariff shocks and IMF pressure. Either it can radically reform a broken export-led model, or else give up on the promise it offered to working people.
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13:45โ‡ขStock Markets Soar After US-China Slash Tariffs

โŒจThe newspapers report a dramatic 90-day tariff reduction agreement between the US and China, with the US lowering reciprocal tariffs from 125% to 10% (Boston Globe, Breitbart, CNN, HuffPost, AP News, USA Today). This news triggered significant market reactions, with the Dow surging 1,000 points and the S&P 500 jumping 2.7% as economists suggest the truce could help prevent a recession (CNN, AP). On immigration, media covers conflicting developments: a Biden-era rule easing paths to permanent residency (NPR) versus Trump's plans for mass deportations and welcoming White South African refugees (Newsweek). Other domestic stories include Trump's planned military parade (MSNBC) and potential prescription drug price reductions (The Blaze).
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15:21โ‡ขMarkets Surge on US-China Tariff Truce

โŒจThe newspapers extensively report on the US-China temporary tariff reduction agreement, with stocks soaring in response (CNN, NPR, Fox News, USA Today, The Blaze). The trade deal cuts US tariffs from 125% to 10% for 90 days, causing the Dow to surge and potentially averting recession fears (CNN, AP). Other major stories include the start of Sean "Diddy" Combs' high-profile sex trafficking trial with opening statements in Manhattan (CBS, NY Post), and the Trump administration finalizing "legal details" of a controversial Qatari airplane gift (ABC News). Meanwhile, Trump's budget priorities face scrutiny for favoring military spending over other sectors (Jacobin, Mother Jones), while concerns about Gaza's humanitarian crisis persist (Common Dreams, Vox).
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16:47โ‡ขTrump Signs Drug Price Executive Order

โŒจThe newspapers report on American-Israeli hostage Edan Alexander being freed from Hamas captivity after 19 months (ABC News, CBS). President Trump has signed an executive order on prescription drug prices, giving pharmaceutical companies 30 days to lower costs or face government payment limits (Breitbart, Fox News, AP News, USA Today). Meanwhile, the US and China have agreed to a temporary tariff reduction, with Trump expressing optimism about the trade relationship (CNN, The Epoch Times, LA Times). Other stories include Harvard's president opposing Trump's funding cutoff as "unlawful" (Boston Globe), and the start of Sean "Diddy" Combs' sex trafficking trial (NY Post).
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18:27โ‡ขAmerican-Israeli Hostage Freed From Hamas

โŒจThe newspapers report on an American-Israeli hostage, Edan Alexander, being freed from Hamas captivity (ABC, CBS, NYT) with Trump contributing to the release ahead of his Middle East trip. Another major focus is Trump signing an executive order to dramatically lower prescription drug prices (AP, Breitbart, OANN). The US-China tariff reduction agreement continues drawing attention, with markets rallying in response to the 90-day arrangement (Epoch Times, CNN). Other stories include a severe weather system threatening the Southeast with two months' worth of rain (USA Today), the beginning of Sean "Diddy" Combs' sex trafficking trial (NY Post), and controversy over Qatar offering Trump a luxury jet (NPR).
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โ€˜This Bill Confirms What Weโ€™ve Been Saying All Along, Trump And Republicans Have Been Lyingโ€™โ€ฆ
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19:59โ‡ขTrump's Drug Price Order Faces Democratic Skepticism

โŒจThe newspapers report on Trump signing an executive order to lower drug prices (Breitbart, AP, CNN, Common Dreams), with Democrats challenging its efficacy. American-Israeli hostage Edan Alexander has been freed from Hamas captivity in a deal that reportedly circumvented Israel (NYTimes, Newsweek, ABC). US-China trade relations show progress with a temporary tariff reduction agreement (CNN, Epoch Times, LA Times). Other developments include House Republicans releasing a GOP tax bill (The Hill, HuffPost), a federal subpoena regarding potential cash payments to undocumented immigrants (Fox News), and the arrival of White South Africans as refugees under a Trump order (Washington Post).
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Public broadcasting isnโ€™t the enemy of free speech. Profit-driven media is. Trumpโ€™s attack on NPR and PBS distracts from the real path away from censorship and toward viewpoint diversity: a large, democratically controlled, publicly funded media ecosystem.
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On Monday, the United States and China both announced that they had reached an agreement to suspend the majority of retaliatory tariffs that have been applied to one another since early April, when President Donald Trump unveiled his comprehensive global tariff plan and intensified his trade battle with China.
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21:27โ‡ขTrump's $400 Million Qatari Jet Gift

โŒจThe newspapers report on Trump's efforts to lower prescription drug costs through a new executive order (ABC News, Breitbart, AP News), while also defending his acceptance of a $400 million Qatari jet as a "great gesture" (Boston Globe, Slate). Republicans have released their sweeping tax plan, a key component of Trump's agenda (The Epoch Times, The Hill). Immigration remains contentious, with ICE conducting a major sweep of undocumented immigrants (Fox News, The Atlantic), while controversy surrounds the treatment of white South African refugees (NPR, USA Today, The Blaze, Washington Post). Meanwhile, after aggressive tariff policies, the US has reached a truce with China that some outlets describe as a retreat from Trump's initial stance (NYTimes, Vox, LA Times).
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23:40โ‡ขQatari Air Force One Gift Raises National Security Alarms

โŒจThe newspapers report on US-China trade tensions, with Trump threatening higher tariffs without a deal (ABC News, Newsweek), despite a previous 90-day tariff pause. A major diplomatic achievement is highlighted with American-Israeli hostage Edan Alexander's release from Hamas captivity (Breitbart, CBS). Significant controversy surrounds Trump's plan to accept a free Air Force One replacement from Qatar, raising ethical and security concerns (AP News, Slate). Domestic policy debates continue over GOP Medicaid work requirements (MSNBC, The Hill) and California Governor Gavin Newsom's order to shut down homeless encampments (The Blaze). The high-profile sex trafficking trial of Sean "Diddy" Combs has begun with disturbing testimony (NY Post).
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