Business & Economy: The US-China trade deal marks a crucial step towards normalizing trade relations between the two economic giants, potentially paving the way for future cooperation.

US-China ease trade war: Washington cuts ‘de minimis’ tariff, Beijing lifts Boeing delivery ban

US President Donald Trump’s administration ended the section 321 de minimis exemption, which had allowed low-value shipments—under $800—from China to enter the US Duty-free. The sudden removal of this loophole is set to affect millions of shipments from Chinese e-commerce giants, who together account for 30 percent of these direct-to-consumer shipments.

Trump ends de minimis loophole: US consumers brace for rising costs

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