President Trump hits pause on a severe escalation of U.S.-China tariffs just hours before they were set to take effect. Plus, Investors now turn their attention back to the U.S. economy and a key inflation report due before the open — though questions about the reliability of the data loom large. And plus, the China–NVIDIA tit-for-tat continues, the president softens his tone on Intel’s CEO, and Elon Musk becomes the latest to take aim at Apple’s App Store.