What Happened: The United States will delay some tariffs on Chinese imports like cell phones and other electronic products until Dec. 15 while completely removing duties on certain products over "health, safety and national security factors," the Office of the U.S. Trade Representative announced Aug. 13. A 10 percent import tariff against other goods will still go into effect on Sept. 1.
Why It Matters: Although the final list of products is yet to be confirmed, the removal or delay of some import tariffs will make the list of goods facing additional duties on Sept. 1 significantly smaller, as cellphones alone accounted for $45 billion of imports from China in 2017. The decision could also herald a potential climbdown in the countries' trade war and the possible start of new talks between U.S. and Chinese negotiators.
Background: U.S. President Donald Trump announced on Twitter on Aug. 1 that he would impose an additional 10 percent tariff on $300 billion worth of Chinese goods that weren't already subject to import duties.