As the U.S. and China negotiate a trade deal, Trump has lowered a levy on “de minimis” low-value packages, such as online shopping from Shein or Temu.

New agreement sees reciprocal US-China tariffs drop from 125% to 10% for 90 days, with final US tariff rate on China lowered to 30%

The world’s two biggest economies agreed to a temporary rollback of most of their recent levies after negotiating in Switzerland over the weekend.

China is facing the steepest tariff rate from Trump’s administration. While other countries were granted a 90-day reprieve from so-called reciprocal tariffs last month, excluding a baseline 10% flat rate, the president raised China’s tariff rate to 145%.

The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.

Insiders said the 50%-to-54% range is in keeping with rates that were discussed last month when President Trump met with the bosses of the three biggest retailers in the US.

"President Trump has restored optimism and opportunity for our job creators with a pro-growth economic agenda that has already slashed inflation, driven job creation, and delivered record investment," Kelly Loeffler, Administrator of the Small Business Administration, said in a statement late last month.

As tariffs on Chinese goods decrease temporarily, the overall effective tariff rate on U.S. consumers remains the highest since 1934, at 17.8%.