(Photo by Charles Sykes/Invision/AP)

Semi-trucks drive through a flooded highway after heavy rains in Campana, Argentina, Saturday, May 17, 2025. (AP Photo/Rodrigo Abd)Semi-trucks drive through a flooded highway after heavy rains in Campana, Argentina, Saturday, May 17, 2025. (AP Photo/Rodrigo Abd)

Boats move through flooded streets after heavy rains in Campana, Argentina, Saturday, May 17, 2025. (AP Photo/Rodrigo Abd)Boats move through flooded streets after heavy rains in Campana, Argentina, Saturday, May 17, 2025. (AP Photo/Rodrigo Abd)This is a photo gallery curated by AP photo editors.

WASHINGTON (AP) — Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administrationover sky-high tariffs.

from President Donald Trump said the tariffs on

and coming through the U.S. Postal Service will be lowered to 54%, down from 120%.Nvidia rose 4.2% and Google parent Alphabet added 3.7%.

Other big gainers included eToro Group, a retail trading platform for stocks and cryptocurrency. It rose 28.8% in its first day of trading.The market has been relatively steady since its surge on Monday, which came after the U.S. and China entered a

. The market gained some more ground on Tuesday after the government reported that inflationin April. Additional updates on inflation and retail sales are expected on Thursday.