China, Trade Deal and White House
Digest more
Small packages from China are still subject to tariffs of 120%, a White House official confirmed Monday — a major blow for U.S. consumers seeking cheap goods from e-commerce retailers like Shein and Temu.
The White House backed off from the steepest levies, as the costs of an all-out trade war with China threatened global economic growth.
China is moving to strengthen its alliances as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American countries at an event in Beijing