WASHINGTON (AP) — 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 has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.

The agreement was cheered in Beijing as vindication for Xi Jinping and his defiant response to President Trump’s trade war.

Prior to President Trump's second term, there was little back and forth between the U.S. and China on tariffs. Here's what to know.

China is moving to strengthen its alliances with other countries as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American leaders a day after China and the U.

Steep tariffs had essentially created an embargo on soybeans, meat, cotton and other agricultural products moving from the U.S to China. And news of a 90-day pause is easing some of the farm economy’s angst. North Dakota soybean farmer Josh Gackle made some time for me from the tractor on Monday morning.

Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement

The bank said in a Tuesday note that in light of Trump’s China agreement, which lowered most tariffs on China to 30% from 145% for three months, the possibility of a recession t