Delayed tariffs in trade war

The Trump administration, facing pressure from American businesses, delayed levies on some Chinese goods that were scheduled to go into effect on Sept. 1.

Many of the planned tariffs on cellphones, laptops, toys and other consumer goods will instead kick in on Dec. 15, giving retailers time to stock up for back-to-school and holiday shopping.

Markets: U.S. stocks rebounded, but Singapore slashed its annual economic growth expectations to between zero and 1 percent. And new data indicated that the prospects for the German economy, which is heavily reliant on global trade, had worsened.

Long view: Data from the government and other sources show that Mr. Trump’s tax cuts and tariffs have not achieved one of his goals: a significant return of factory activity.