Tariffs Are Paused. Uncertainty Isn't.

The stock market has been tanking since President Donald Trump announced sweeping tariffs a week ago. Then Wednesday mid-afternoon—after Trump reversed course on global tariffs—the market experienced one of its biggest single-day jumps ever. So … what exactly happened? And if the U.S. economy continues to be this unpredictable, what does that mean for the future? Get more from your favorite Atlantic voices when you subscribe. You’ll enjoy unlimited access to Pulitzer-winning journalism, from clear-eyed analysis and insight on breaking news to fascinating explorations of our world. Subscribe today at TheAtlantic.com/podsub. Learn more about your ad choices. Visit megaphone.fm/adchoices