President Donald Trump's trade policies have gone through many iterations over the past month, but his baseline 10% tariff on nearly all countries is here to stay, the White House said. "The president is committed to the 10% baseline tariff — not just for the United Kingdom,

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.