That is the U.S.’s effective tariff on China, with the deal announced after a weekend of negotiations, according to Evercore ISI. That figure includes levies in place be

The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.

A White House executive order said on Monday that the U.S. would cut the "de minimis" tariff on China shipments to 54% from 120%, with a flat fee of $100 to remain starting from May 14.

Five small businesses urged a federal court to block Trump's tariffs but government lawyers contend presidents have long regulated trade.

TAIPEI, Taiwan (AP) — China is moving to strengthen its alliances with other countries as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American leaders a day after China and the U.S. agreed to a 90-day truce in their tariffs stalemate.

Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement

Canadian MAGA businessman Kevin O’Leary appears willing to admit that President Donald Trump’s trade war with China is essentially a “consumption tax” which Americans will end up paying.