• 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. By Wednesday, the US will temporarily lower its overall tariffs on Chinese goods from 145% to 30%, while China will cut its levies on American imports from 125% to 10%.

• 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 government 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. It comes as the Trump administration is expected to accept a luxury jet from the Qatari royal family to use as Air Force One, raising legal and ethical questions.