The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.

The U.S. said it would cut tariffs on low-value parcels from China to 54% from 120%, hours after Washington and Beijing agreed to a 90-day trade truce.

President Trump’s administration is reducing tariffs on small packages from China from 120 percent to 54 percent in light of the three-month trade truce with Beijing. The White House announced the