The United States will cut the "de minimis" tariff for low-value items imported from China, a White House executive order said on Monday, further de-escalating a potentially damaging trade war between the world's two largest economies, Reuters reported. The tariff relief, which affects big Chinese e-commerce players including Shein and Temu, follows a deal between Beijing and Washington to unwind most of the duties imposed on each other's goods since early April, after weekend talks in Geneva.

The United States and China have agreed to temporarily slash reciprocal tariffs in a deal that surpassed expectations as the world's two biggest economies seek to end a damaging trade war that has stoked fears of recession and roiled financial markets, Reuters reported. The U.S. will cut extra tariffs it imposed on Chinese imports in April this year to 30% from 145% and Chinese duties on U.S. imports will fall to 10% from 125%, the two sides said on Monday. The new measures are effective for 90 days.

President Donald Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to deescalate the trade war between the world's two largest economies, the Associated Press reported. Top U.S. officials are set to meet with a high-level Chinese delegation in Switzerland in the first major talks between the nations since Trump sparked a trade war with stiff tariffs on imports. “80% Tariff on China seems right!

China's exports expanded 8.1% year-on-year in April, while imports contracted 0.2%, customs data showed on Friday, both defying expectations for a much sharper slowdown in trade, Reuters reported. The new data followed a 12.4% year-on-year jump in exports in March, when Chinese factories pushed out shipments before U.S. President Donald Trump's 145% tariffs on Chinese goods took effect on April 9. Imports had fallen 4.3% in March. China has retaliated against U.S. tariffs by ramping up its levies on U.S. imports to 125%.

China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the economy, in the most significant policy steps taken by Chinese officials to limit the impact of the trade war with the United States, the New York Times reported. The central bank, the People’s Bank of China, cut short-term interest rates and the amount of funds banks have to hold in reserve in a series of 10 measures.

Chinese authorities announced on Wednesday a raft of stimulus measures, including interest rate cuts and a major liquidity injection, as Beijing steps up efforts to soften the economic damage caused by the trade war with the United States, Reuters reported. The announcements come shortly after U.S. and Chinese officials said Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's top economic official He Lifeng in Switzerland this weekend for talks.

Vietnam's imports from China and exports to the United States both reached a post-pandemic record in April, amid talks with Washington to reduce Hanoi's trade surplus and a crackdown on Chinese goods being shipped to the U.S. via its territory, Reuters reported. The Southeast Asian nation faces the risk of 46% duties on its exports to the U.S. if the White House confirms this rate at the end of a global tariff pause in July. This could undermine Vietnam's growth model and hit multinationals exporting from the country, including Samsung and Nike.

Not long ago, anyone could comb through a wide range of official data from China. Then it started to disappear, the Wall Street Journal reported. Land sales measures, foreign investment data and unemployment indicators have gone dark in recent years. Data on cremations and a business confidence index have been cut off. Even official soy sauce production reports are gone. In all, Chinese officials have stopped publishing hundreds of data points once used by researchers and investors, according to a Wall Street Journal analysis.

U.S. President Donald Trump on Sunday said that the U.S. was meeting with many countries, including China, on trade deals, and his main priority with China was to secure a fair trade deal, Reuters reported. Trump told reporters aboard Air Force One that he had no plans to speak with Chinese President Xi Jinping this week, but U.S. officials were speaking with Chinese officials about a variety of different things. Asked if any trade agreements would be announced this week, Trump said that could "very well be" but gave no details.

Platforms like Amazon, Shein and Temu brought China’s vast manufacturing supply chain to the world’s doorstep. These online marketplaces made it possible for thousands of Guangzhou’s small factories to reach shoppers in the United States. And since packages worth less than $800 could enter the United States tax-free, the factories and, in turn, the platforms were able to charge very low prices. Exports have been a major driver of China’s economic growth in the past few years. Business has been particularly good in e-commerce.