At the end of the day, the brunt of the tariffs will fall on US consumers, especially lower-income ones who rely on relatively inexpensive products from China. Now, Americans can expect longer wait times and higher prices, trade experts told CNN.

Due to aggressive U.S. tariffs that forced Chinese companies to reroute shipments to other international markets, China reported a sharp drop in exports to the United States in April. The change was made right before U.

President Donald Trump’s sudden move to lower tariffs on goods from China to 30% from 145% has thrown a lifeline to America’s small businesses who were running low on inventory — and cash.

Beijing is trying to win over other countries with vows of economic cooperation. But it won’t back down from its territorial claims, experts predict.

China paused its April 4 unreliable entities list measure on 11 U.S. entities for 90 days starting on Wednesday. It also paused a similar measure imposed on six U.S. entities on April 9, but without specifying the duration of the pause.

Here's what an agreement by the U.S. and China to suspend steep tariffs for 90 days means for consumers, businesses and the economy.