The U.S. stock market remained volatile Thursday despite the 90-day reprieve on many of President Donald Trump's "Liberation Day" tariffs, despite a brief midday run up.

The announcement of Donald Trump's so-called "reciprocal tariffs" on 2 April - what he called "liberation day" - sent a shockwave through the global trading system and financial markets. And the President's 90-day pause on some of these tariffs on 9 April set off a relief rally in stock markets.

While President Donald Trump scaled back his blanket “Liberation Day” tariffs on most countries, he used the move to escalate his trade war against China. The trade war is broader in scope than the one during his first administration and continues to intensify with each round of retaliatory tariffs.

Donald Trump has partially walked back on his so-called liberation day tariffs on nearly all US imports after fears mounted that the move would result in a global recession and much higher borrowing costs for the

Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing." Meanwhile, the White House raised the tariffs on all Chinese exports to 125% after Beijing's latest round of retaliation -- that's in addition to the 20% fentanyl-related tariffs imposed in early February,

US President Donald Trump unveiled his grand Liberation Day tariff agenda last week that erased $6 trillion in the biggest two-day wipeout after the announcement on Wednesday. Wall Street clawed some of those losses back when the US reversed its position on tariffs a week later,