The U.S. says it will cut the low value, small package tax on Chinese shipments – its latest move in de-escalating the trade war. U.S. President Donald Trump orders prescription drug makers to drop their prices within 30 days. And a first group of white South Africans have landed in the U.S.,complete with refugee status.

Sign up for the Reuters Econ World newsletter here.

Listen to the Reuters Econ World podcast here.

Find the Recommended Read here.

Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

You may also visit megaphone.fm/adchoices to opt out of targeted advertising.

Learn more about your ad choices. Visit megaphone.fm/adchoices