Markets cheer tariff reprieve, Republican budget proposal includes funding cuts to Medicaid, Tesla worth $1 trillion, more news to start your day.

President Trump’s first 100 days in office have been marked by economic disruption and uncertainty in the stock market. The S&P 500 index fell around 8% during this period, its worst performance since 1974.

The curtain came down on the first phase of President Trump’s tariff and trade war earlier this week, when the U.S. announced a huge reduction in levies with China. Washington and Beijing agreed