Shoppers got a little relief this week from a giant tariff on previously cheap, duty-free goods from China. But the tariffs that do remain are still poised to derail the shopping habits of millions of Americans who shop at ultra-low-priced e-commerce sites like Shein and Temu.

China has criticised a trade deal between the UK and US that could be used to squeeze Chinese products out of British supply chains, complicating London’s efforts to rebuild relations with Beijing.

Share markets jumped on Monday after Trump said weekend talks had resulted in a "total reset" in trade terms between the two countries, a move that went some way to ease concerns about a trade war be...