Good Tuesday afternoon. Today's newsletter, edited by Sam Baker, is 491 words, a 2-min. read. Thanks to Sheryl Miller for copy editing.

Christmas shoppers got a gift of sorts from the White House this week when President Trump again paused new tariffs, Axios' Emily Peck writes.

• The shift should give retailers more time to stockpile goods ahead of the holiday season, potentially pushing some tariff-related price increases to next year.