U.S. stocks climbed Wednesday after President Donald Trump pulled back on some of his tariffs temporarily. The move revived hope on Wall Street that Trump may avoid a worst-case trade war that grinds down economies and sends inflation higher.

The Dow Jones Industrial Average has lost more than 1,300 points in two days as President Donald Trump ignites a global trade war that some economists say will lead to a recession.

The hope on Wall Street is that Trump is using the threat of tariffs as a tool for negotiations and that he’ll ultimately go through with policies that would mean less damage for the global economy and trade. Tariffs could raise prices on everyday items even more for U.S. households, when high inflation has proven to be stubborn to subdue fully.

Donald Trump has introduced significant tariffs targeting major U.S. trading partners, marking a dramatic shift in trade policy.

Investors shouldn’t take much comfort from how the markets performed during the first Trump administration’s trade war.

History offers two conflicting opinions about what happens next in the stock market. Here's what investors should know.

Market strategists see more pain ahead as a result of tariff-induced volatility. "We think it's too early to go bargain shopping," an investment chief wrote.