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.

The talks came as protests erupted across China, where the loss of the U.S.—the country's largest single export market—was forcing factories to shut down. Hundreds of workers turned out to protest unpaid wages and what they described as unjust dismissals, Radio Free Asia reported.

China and the United States announced a truce in their trade war on Monday after talks in Geneva that will roll back the bulk of tariffs and other countermeasures by Wednesday.

The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.

Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs.

The U.S. tariff on Chinese imports reflects a 10 percent baseline and a 20 percent tariff related to China's role in the fentanyl trade. It is down from a combined 145 percent. China had previously mirrored the reciprocal rate up to 125 percent.

Dear Quentin, I just woke up to another surprising day on the markets. Stock prices are up after China and the U.S. clinched an agreement on tariffs. Forgive me, but I’m so confused. For most of April,