Mr. Trump said the loophole had created a pathway for the chemicals involved in making fentanyl to come into the United States from China because of limited checks on these packages.

Brazil's central bank said Monday it will sign a currency swap agreement with the People's Bank of China, with a maximum outstanding value of 157 billion reais ($27.69 billion) and a five-year term.

The uncertainty also means companies are less willing to make new investments.

But then on 2 April, Donald Trump's "Liberation Day" tariffs hit all Chinese goods entering the US, eventually reaching 145% - and his clients asked him to pause production. "I tried to keep smiling through my anxiety for the sake of my 40 workers," he told the BBC.

The US-China breakthrough unveiled Monday calls for a 90-day thaw in the trade war by slashing tariffs from suffocatingly high levels as trade was paralyzed between the world’s two biggest economies....

American businesses that rely on Chinese goods reacted with muted relief Monday after the U.S. and China agreed to pause their exorbitant tariffs on each other's products for 90 days.