At the end of the day, the brunt of the tariffs will fall on US consumers, especially lower-income ones who rely on relatively inexpensive products from China. Now, Americans can expect longer wait times and higher prices, trade experts told CNN.

The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.

The Trump administration has made moves to ease tariff tensions with China but new reports indicate that prices, including for cars, are on the rise.

The tariff rollback is a significant win for Alibaba and its investors since it will lower the cost of importing goods into the U.S. This is still an important market for Alibaba’s international sellers. Regardless, you should keep in mind that 30% tariffs still remain, and there will no longer be a de minimis exemption.

The new deal between the United States and China means Americans can expect smaller price hikes in coming weeks and fewer shortages.

Walmart has warned customers to expect higher prices despite the recent deal between the US and China to reduce punitive tariffs imposed in Donald Trump’s trade war. The world’s biggest retailer is particularly exposed to the US president’s trade war.