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A small group of Republicans are threatening to torpedo President Trump’s agenda over the state and local tax deduction, long a headache for both parties.

The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.

The agreement President Trump announced Thursday still needs to be finalized, but the administration said the deal with one of America’s closest allies would be the first of many.

The agreement appeared to be more of a framework than a settled deal and eased some of President Trump’s tariffs on British goods while opening its markets.

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The nuclear-armed rivals are also wrangling over Pakistan’s access to desperately needed foreign aid, as India explores ways to use its soft power and relationships to bedevil its old enemy.

A deal would be a positive sign for both governments, which have eyed an agreement since President Trump’s first term.

The president thinks he can return America to manufacturing glory — but the cycles of economic history are hard to break.

As he proposes ever stiffer tariffs, President Trump has normalized his merely big ones.

Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, will discuss trade and economic matters with the officials this week.