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The U.S. flag flies over a container ship unloading it's cargo from Asia, at the Port of Long Beach, California. Photo: Mark Ralston/AFP/Getty Images

The Trump administration's list of goods from China that won't be subject to a 10% tariff until Dec. 15 is made up of "products where 75% or more of the 2018 U.S. imports of that product were from China," according to an email sent to trade groups from the U.S. Trade Representative Office.

Why it matters: The initial press release from the USTR said certain items would see a delay in taxes "as part of USTR's public comment and hearing process," but it did not specify whether there was a formula involved in the two list designations. The items subject to the Sept. 1 tariff are those that are less commonly imported from China.

Expand chart

Details: An explanation for the tariff lists and additional details will be published Wednesday in the Federal Register, but weren't widely available to the public when the announcement was made on Tuesday.

  • For products where less than 75% of 2018 U.S. imports were from China, the 10% tariff — which has manufacturers howling — will take effect Sept. 1.
  • Items like video games and certain clothing and toys won't be affected until mid-December, by which time companies will largely be finished with their orders for the holiday season. A large swath of athletic apparel and sports equipment, meanwhile, will still see tariffs on Sept. 1.
  • A group of goods, like child safety seats, will be removed from the list altogether "based on health, safety, national security and other factors." The USTR says it will "conduct an exclusion process for products" that will face these tariffs eventually, meaning more items could be bumped off this list.

The significance of the 75% cutoff is unclear, and the U.S. Trade Representative's office would not comment on it.

Between the lines: As we've seen throughout the U.S.-China trade war, these tariffs are subject to developments that crop up during negotiations.

  • The Chinese Ministry of Commerce said that U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and China's Vice Premier Liu He spoke on Tuesday and that the parties would commence trade talks within the next 2 weeks.

Speaking to reporters, Trump said the tariff move was an attempt to provide some relief for retailers — and ultimately consumers, who could face higher prices if the additional costs from tariffs are passed on.

  • It was the first time Trump publicly acknowledged that consumers would be hurt by tariffs. He has previously claimed that China pays tariffs directly into the U.S. Treasury, which is not correct.

Go deeper:

Go deeper

Updated 33 mins ago - Sports

Experts predict major boom for North American sports stadiums

Rendering of the $375 million Moody Center on the UT-Austin campus. Photo courtesy of Moody Center

Stadium and arena construction in North America will total a relatively tame $5.8 billion this year, a 12% decrease from 2021.

The big picture: What the industry lacks in construction it expects to make up for in design, with experts predicting a sports venue boom over the next half-decade, SBJ reports.

Updated 35 mins ago - World

UK government: Kremlin has plan "to install pro-Russian leadership" in Ukraine

British Foreign Secretary Elizabeth Truss. Photo: Gints Ivuskans / AFP via Getty Images

The United Kingdom's Foreign Secretary on Saturday night said the government has "information that indicates the Russian Government is looking to install a pro-Russian leader in Kyiv as it considers whether to invade and occupy Ukraine."

The latest: “I can’t comment on specific pieces of intelligence. But we’ve been warning about just this kind of tactic for weeks and we’ve spoken to that publicly," Secretary of State Antony Blinken said Sunday. The Biden administration has said Russia is actively manufacturing a pretext for invasion and warned that Putin could use joint military exercises in Belarus as cover to invade from the north.

Updated 2 hours ago - Economy & Business

Student debt getting in the way of millennial homeownership

Illustration: Aïda Amer/Axios

Millennial homeownership is on the rise — but student loan debt is still keeping millions of members of America's largest generation from owning a home.

Why it matters: Buying a house remains the No. 1 way to build wealth in the U.S.