WSJ:
As part of the “phase one” deal, the U.S. canceled plans to impose fresh tariffs on $156 billion in annual imports of Chinese-made goods—including smartphones, toys and consumer electronics—that were set to go into effect Sunday. The U.S. will also slash the tariff rate in half on roughly $120 billion of goods, to 7.5% from 15%.
Tariffs of 25% would remain on roughly $250 billion in Chinese goods, including machinery, electronics and furniture