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The Excerpt

US and China reach deal to slash trade tariffs

The Excerpt

USA TODAY

Daily News, News

4.41.2K Ratings

🗓️ 12 May 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

The U.S. and China have reached an agreement to reduce tariffs.

The Trump administration floats suspending habeas corpus. What does that mean?

USA TODAY National Correspondent Trevor Hughes discusses what deporting people facing criminal charges can mean for justice.

President Trump says he will sign an order aimed at cutting drug prices to match other countries.

USA TODAY Justice Department Correspondent Aysha Bagchi explains how Diddy's lawyer defended a 'sex cult' leader in an eerily similar case.

Pope Leo XIV warned of a 'piecemeal' third world war in his first Sunday address.

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Transcript

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0:00.0

Good morning. I'm Taylor Wilson, and today is Monday, May 12th, 2025. This is the excerpt.

0:14.2

Today, a new deal on tariffs for the U.S. and China. Plus, what a wave of recent deportations of people facing criminal charges might mean for

0:21.4

justice. And the trial of Sean Diddy Combs is set for opening statements.

0:27.5

The U.S. and China have reached a deal to slash tariffs. Speaking after talks with Chinese officials

0:32.5

in Geneva, Treasury Secretary Scott Besson, told reporters the two sides had agreed on a 90-day pause on measures

0:39.2

and that tariffs would come down by over 100 percentage points to 10%. The Geneva meetings were the

0:45.0

first of their kind between senior U.S. and Chinese economic officials since President Trump

0:49.4

returned to power and launched his slew of global tariffs. Since taking office in January,

0:54.9

Trump has pushed the tariffs paid by U.S. importers for goods from China to 145%. In addition to those, he imposed on

1:01.3

many Chinese goods during his first term and duties put in by the Biden administration. China had

1:06.6

responded by putting export curbs on some rare earth elements and raising tariffs on U.S. goods to

1:11.7

125%. All eyes will be on the markets today and the rest of the week to see how they respond to the latest news.

1:22.9

Stephen Miller, a senior advisor to the president, while answering a question about illegal immigration,

1:45.0

told reporters on Friday that the Trump administration is actively looking at suspending the constitutional right that allows people to challenge in court their detention. Miller, the White House Deputy Chief of Staff, said, the Constitution says the privilege of the writ of habeas corpus can be suspended in a time of invasion. Habeas corpus, Latin for You Have the Body, is used to determine if the government's detention

1:49.3

of someone imprisoned is legal, according to Cornell Law School's Legal Information Institute.

1:54.0

A writ of habeas corpus is used in federal courts under civil law to challenge a person's detention,

1:59.0

commonly used by people imprisoned who are

2:01.5

challenging the conviction that led to their prison sentence.

2:04.3

You can read more about the potential stakes behind Miller's comments with a link in today's

2:08.4

show notes.

2:13.3

Some legal experts worry that recent deportations of people facing criminal charges are creating a two-tiered system of justice.

2:20.4

I spoke with USA Today, national correspondent Trevor Hughes for more.

...

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