The U.S. will cut the "de minimis" tariff for low-value shipments from China to as low as 30%, according to a White House executive order and industry experts, further de-escalating a potentially damaging trade war between the world's two largest economies.

The White House has slashed tariffs on cheap Chinese goods from shopping sites like Temu and Shein — to as low as 30%, below the 54% rate included in President Trump’s executive order earlier this week,

The Trump administration will cut the “de minimis” tariff on low-value packages from China, according to an executive order published on Monday. The levies, reduced to 54% from 120%, will likely affect China’s e-commerce powerhouses like Shein and Temu,