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 Trump administration and China have agreed to slash tariffs for the next 90 days in a push to deescalate a trade war between the two countries.

"I'm just afraid that Trump might change his mind at any time, after all he is not normal," one user called Qijie wrote on China's social media platform Weibo. "Those Americans, especially that fool Trump,

The United States and China slashed tariffs on each other’s goods in a surprise breakthrough aimed at reviving trade between the economies. — British plane and aircraft parts are exempt from any potential tariffs that could stem from the Trump administration’s latest Section 232 investigation.

President Donald Trump announced that China has agreed to open its market to American companies. This is the result of an agreement for the temporary reduction of tariffs on goods from both countries.

The Trump administration and China have agreed to temporarily scale back tariffs as the two nations take tentative steps towards negotiating an economic ceasefire after over a month of escalation in a trade war that has threatened the global economy.