President Donald Trump on Friday reinstated a tariff loophole for small-value packages from China that was eliminated as part of the sweeping tariffs Chinese imports that went into effect after midnight on Tuesday,

President Donald Trump on Friday said his administration would soon have an announcement about reciprocal tariffs. Peter Navarro, a longtime adviser to the president, has a target list for him.

The president said he planned to impose tariffs on countries that tax U.S. products. He also paused an action against China, allowing its low-cost products to again enter the U.S. tariff free.