US, China Slash Tariffs but E-Commerce Exempt

The Trump administration has reduced tariffs on most Chinese imports from a peak of 145% to 30% for 90 days, aiming to de-escalate the U.S.-China trade war and stabilize financial markets. In response, China cut tariffs on American goods, leading to cautious optimism among businesses and investors. Despite these reductions, the 30% tariff remains high, and U.S. companies have warned of impending price hikes on electronics and household goods. The temporary agreement does not address steep tariffs on low-value e-commerce packages, leaving continued uncertainty for online retailers and shoppers. While the deal avoids immediate economic damage, American consumers are expected to face higher prices and possible supply shortages. Analysts see the deal as a partial retreat by Trump, providing only short-term relief without a lasting solution.