Beginning Wednesday, shipments arriving in the United States from China and Hong Kong worth less than $800 could face 54 percent tariffs.

The talks came as protests erupted across China, where the loss of the U.S.—the country's largest single export market—was forcing factories to shut down. Hundreds of workers turned out to protest unpaid wages and what they described as unjust dismissals, Radio Free Asia reported.

The city’s July 3 fireworks show at Dublin Park depends – like countless pyrotechnic events nationwide to mark Independence Day – on materials produced almost entirely in China.

China’s services sector is buckling under U.S. tariffs, with new data showing a dramatic slowdown in April — the latest

The move by the Trump administration to lower tariffs on goods from China to 30% from 120%, still offers limited reprieve for US small businesses, who remain cautious as tariffs are still sky high by historical levels and are also pressuring profits.

The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.

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Former Trump advisor Stephen Moore said the market rebound that came as China and the U.S. agreed to a 90-day pause on massive tariffs could signal the start of a financial revolution.