Tariff rates on small packages from China will be cut in half, though a flat-fee option will not change, the White House said Monday. Why it matters: Trump previously ended a loophole that allowed low-value goods into the country tariff-free — the rate reversal will ease price pressures on customers of Chinese retailers like Shein and Temu.

After second day of talks with the U.S., Chinese Vice Premier He Lifeng said trade talks with the U.S. “achieved substantial progress and reached important consensus.”

China has lifted its month-long ban on Boeing deliveries following the nation’s trade truce with the White House, according to a report. Beijing officials have told domestic carriers and government agencies that they can resume deliveries of US-made aircraft,

On President Donald Trump’s 101st day in office, he warned that children may have to shrink their toy chests as tariffs raise the price of dolls from China.

White House press secretary Karoline Leavitt will brief reporters Friday afternoon, a day after President Trump announced the first major trade deal following last month’s sweeping tariff

A deal with China is a relief to investors who worried tariffs as high as 145% would severely limit trade, raise prices and hurt the U.S. economy.