WHITE HOUSE SLASHES 'DE MINIMIS' TARIFFS ON CHINA TO 54% (Fox Business) The U.S. is slashing the "de minimis" tariff on cheap goods from China "from 120 percent to 54 percent," according to a new executive order signed by President Donald Trump. The development comes after the two countries struck a trade deal in which the U.S. will temporarily lower its tariffs on Chinese goods from 145% to 30%, while China will reduce its levies on American products from 125% to 10%. Full article: https://www.msn.com/en-us/news/politics/white-house-slashes-de-minimis-tariffs-on-china-to-54/ar-AA1ELqaF?ocid=msedgntp&pc=HCTS&cvid=0aa093f8dc1d4295bd1346e9028ae4b1&ei=10