As the U.S. and China negotiate a trade deal, Trump has lowered a levy on “de minimis” low-value packages, such as online shopping from Shein or Temu.

With the China trade deal in hand, there could be a surge of new orders in coming days, as businesses release months of pent-up demand. Why it matters: That could be just as bad for supply chains as the trade war was in the first place.

Bullying” leads to isolation, Chinese leader Xi Jinping warned, after the Trump administration rolled back many tariffs.