President Trump’s decisions on the US-China trade war reflect a method to the madness, his supporters insist. To everyone else, it just appears to be madness. Regardless, Trump’s abrupt announcement on Tuesday that new tariffs on Chinese goods would be delayed inadvertently provided some clarity on the US economy.

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Trump delays Chinese tariffs, igniting stock market rally: WSJ
China refuses port visits in Hong Kong for US warships: Bloomberg
Calm returns to Hong Kong airport after protests: CNN
Five of world’s major economies at risk of recession: CNN
German economy contracted in second quarter: BBC
China’s industrial production in July posts slowest growth since 2002: Reuters
US small business optimism ticked up in July, close to post-recession high: NFIB
US core consumer inflation edged higher in July to +2.2% annual pace: