While trade talks continue, Senate Majority Leader John Thune says farmers will not have to wait much longer for the Senate to finish its part in President Trump’s “Big, Beautiful Bill.”
“Look, it’s very complicated. We know that. I can’t speak for the House schedule. What I can tell you is, we’re going to do everything we can to stay on what we’ve laid out, and that is to try and work through these next two or three weeks to be prepared, to try and put that bill on the floor the last week before the Fourth of July.”
Thune says he expects the Senate vote to be a close one, but expects the President’s agenda will get passed one way or another.
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China will reduce its tariffs from 125% to 10%. In return, the U.S. will lower tariffs on most Chinese goods from 145% to 30%.