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, and said he would announce a new slate of “reciprocal tariffs” next week.

The president said he planned to impose tariffs on countries that tax U.S. products. He also paused an action against China, allowing its low-cost products to again enter the U.S. tariff free.

US President Donald Trump has suspended tariffs on small packages from China, after his sudden order ending duty-free treatment for shipments worth less than $800 (£645) left the US postal service and other agencies scrambling to comply.

The world’s two largest economies did not cut a deal to avert sweeping U.S. tariffs, which came into effect after midnight. Beijing immediately retaliated.

China unveiled multiple countermeasures on Tuesday, immediately after new U.S. tariffs on its imports took effect. This marks the latest development in an escalating trade dispute that began with President Donald Trump’s weekend announcement of broad tariffs targeting multiple trading partners.