U.S. President Donald Trump signed an executive order on Wednesday that closes a trade loophole used to ship low-value packages duty-free from China, known as "de minimis," an aide said.

Trump announced a range of new tariffs on April 2, his so-called "Liberation Day."He signed an executive order to impose reciprocal tariffs and a 25% tariff on car imports.Some economists warned that uncertainty around the tariffs could strain consumers and businesses.

As Donald Trump’s April 2 “Liberation Day” for announcing “reciprocal” tariffs on America’s trading partners approaches, the question in Beijing is whether this will be the moment when its nascent trade war with the US really escalates.

U.S. President Donald Trump signed an executive order on Wednesday that closes a trade loophole known as "de minimus" that has allowed low-value packages from China and Hong Kong to enter the United States free of duties.

While the deal is still in early discussions and subject to change, it comes just days before a US-set April 5 deadline.

U.S. President Donald Trump unveiled his "Liberation Day" tariffs on Wednesday, sending fears of a trade war ricocheting around the world.

The latter two have both seen a rush of investment in recent years, as firms shifted supply chains away from China following Trump's first term. Trump also confirmed that a 25% tax on imports of all foreign-made cars, which he announced last week, would begin from midnight.

Here’s what else you need to know to Get Up to Speed and On with Your Day. 1. Election day. In the first major elections since President Trump returned to office, all eyes are o