Stocks skyrocketed Wednesday after President Donald Trump announced a 90-day pause on many of the wide-ranging tariffs that had been imposed just hours earlier.

Major stock indexes and the U.S. dollar dropped on Thursday, with the S&P 500 ending down more than 3% as investors remained skittish, a day after U.S. President Donald Trump's move to temporarily lower tariffs on many countries caused a massive relief rally.

President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while

Trump touted his sweeping tariffs as decades in the making, saying he's been talking about trade imbalances for "35 years" and that "nobody but me would do this."

President Donald Trump’s trade policy just took another sharp turn, as Trump announced on Truth Social that he was jacking China tariffs higher to 125 percent but issuing a 90-day pause for many of the “Liberation Day” tariffs that had begun to squeeze other countries around the world today.

Trump announced a 90-day pause in country-by-country tariffs he had unveiled a week earlier. While Trump did not lift the nearly universal 10% tariffs or count

In the turmoil touched off by a trade war, the U.S. is no longer seen as safe.