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.

President Trump indicated he was ready to broaden his trade war on Friday, saying that he would announce reciprocal tariffs on other countries next week. Such a measure would raise the levies the United States charges on imports to match what other countries charge on American products, a move that could trigger new trade fights.