#TrumpTariffs In a significant development, the U.S. and China have agreed to a 90-day tariff truce, easing tensions from the ongoing trade war. Effective May 14, the U.S. will reduce tariffs on Chinese imports from 145% to 30%, while China will lower its tariffs on American goods from 125% to 10% . This agreement also includes a reduction in tariffs on low-value "de minimis" shipments, benefiting e-commerce platforms like Shein and Temu . The temporary relief aims to provide a window for further negotiations, with both nations seeking a more stable trade relationship.