The ongoing turmoil in financial markets from the day the president declared “Liberation Day” finally generated enough pressure for at least a temporary pause.

The US-China trade war intensified Thursday, sending the global economy into unknown territory and dampening relief after President Donald Trump's earlier climbdown from a wider tariff onslaught against the rest of the world.

Donald Trump has decided to give international financial markets some breathing room by announcing a 90-day pause in the trade war he started. The U.S. president announced that most countries affected by the new tariff policy would benefit from a cap on customs duties at 10%,