HONG KONG: The United States will cut the low value "de minimis" tariff on China shipments to 54 per cent from 120 per cent, modifying an earlier order imposed by Washington, a White House executive order said on Monday (May 12). The tariff cut will start on Wednesday, with a flat fee of US$100 remaining. The move comes several hours after Beijing and Washington announced a truce in their trade war, with both sides agreeing to unwind most of the tariffs imposed on each other's goods since early