But then on 2 April, Donald Trump's "Liberation Day" tariffs hit all Chinese goods entering the US, eventually reaching 145% - and his clients asked him to pause production. "I tried to keep smiling through my anxiety for the sake of my 40 workers," he told the BBC.

That is the U.S.’s effective tariff on China, with the deal announced after a weekend of negotiations, according to Evercore ISI. That figure includes levies in place be

A tariff truce between the United States and China is helping kickstart the resumption of trade between the countries but for manufacturers of Halloween decorations in the eastern Chinese city of Yiwu feelings are mixed.

The 90-day pause is a major de-escalation in the tariff war and comes after talks between both countries in Geneva.

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 White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.

In an obscure courthouse in downtown Manhattan, a group of small businesses are taking on one of President Donald Trump's boldest uses of executive authority.