That was the result of President Donald Trump’s “reciprocal” tariff hikes on China since April 2, which rose as high as 145%, on top of a 25% tariff on certain goods from his first term. Had the shipment arrived a day later,

Trump proposed to lower tariffs on Chinese imports to 80% from 145% on eve of negotiations with the country's third-largest trading partner.

Walmart pushed back against President Trump's demand that it absorb the costs of new tariffs, saying it will keep prices low “as long as we can,” but warned that small margins limit its ability to shield consumers indefinitely.

Walmart responds after Trump says retail chain should absorb his tariff cost - The largest retailer in the U.S. said it would keep prices low for as long as possible

Donald Trump touted a 90-day pause on his trade war with China, which will see both countries back away from sky high tariffs that had ground shipments to a halt. In a joint statement, the U.S. and China said that they would suspend their tariffs for three months as negotiations continue.

Donald Trump teased lowering tariffs against China on Friday morning, announcing a potential 65% decrease in tariff rates against the Asian nation as the trade war deescalates