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Trump's decision Wednesday was the latest is a series of market-wrenching moves that have taken place since the president announced a series of tariffs on April 2. Stock market declines and a sell-off in U.S. bonds sparked some fears that the U.S. might be headed for a recession.

Donald Trump's unexpected 90-day tariff pause relieved global markets, boosting international stocks, including a significant rise in India's Nifty and Sensex indices