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,

In a confirmation hearing on Thursday, Trump's U.S. trade representative nominee Jamieson Greer said other countries will need to reduce barriers to U.S. exports if they want to maintain access to the U.S. market, citing Vietnam in particular.

The Trump administration has proposed a sweeping trade strategy, including 25% tariffs on Canada and Mexico, 10% on Chinese imports, and 10% on Canadian energy. While the Canada and Mexico tariffs have been temporarily delayed,