President Donald Trump has slashed the “de minimis ” tariff on low-value packages imported from China to 54 percent, down from 120 percent, the White House confirmed in an updated executive order published late Monday.

It means those importing packages from China via postal services that fall below the de minimis threshold of $800 in value will face a lower tariff, offering some relief to Chinese e-commerce giants such as SHEIN and Temu and their American customers.

A $100 flat fee will also apply to the packages, down from a $200 fee due to hit in June. The new measures will all take effect on May 14.

Earlier on Monday, the U.S. and China announced they had reached a deal to cut the reciprocal tariff rate on each side by 115 percentage points.

It brought the U.S. reciprocal tariff on Chinese imports down to 30 percent—a 10 percent baseline and a 20 percent levy for China’s role in the fentanyl trade.

China’s tariff rate on American goods came down to 10 percent.

This is a developing article and more information will be added soon.