After talks the US and China are gradually easing "sanctions"

The United States and China have been gradually easing punitive tariffs since reaching a preliminary agreement on tariffs in Geneva last week.

The U.S. government issued an executive order on Monday reducing tariffs on low-value mail from China to 30 percent, a move that would benefit China’s largest overseas e-commerce platforms, Shein and Temu.

The order would reduce tariffs on direct-to-consumer goods worth less than $800 from China to 54 percent from May 14, and would keep a flat $100 fee on each package. However, a plan to raise the flat fee to $200 from June 1 has been scrapped.

China also lifted a ban on its airlines from taking delivery of new Boeing aircraft after the talks. In retaliation for the US tariff war, China has banned the purchase and ordering of Boeing aircraft and US-made aircraft equipment and parts for a month.

In addition, on May 14, China announced that it would end export restrictions on 28 US companies and agencies related to rare earths and military technology, and that it would end investment restrictions on 17 US companies.

A delegation led by US Treasury Secretary Scott Besant and Chinese Vice Premier He Lifeng met in Geneva, Switzerland, on May 10 and reached an agreement after two days of talks. As a result, the US government's decision to postpone the tariffs imposed on other countries by China for 90 days starting from April 2 was also implemented on China, and both sides agreed to reduce tariffs by 115%.