The deal involves both nations cancelling some tariffs altogether and suspending others for 90 days, by 14 May. The result is that US tariffs on Chinese imports will fall to from 145% to 30%, while Chinese tariffs on some US imports will fall from 125% to 10%.

After weeks of bragging about upcoming trade “deals” with foreign countries, President Trump says the United States doesn’t need to worry about them after all.

The more President Donald Trump talks about his efforts to reach deals with America's trading partners, the more confusing the tariff picture gets.