Global markets are rallying on President Trump’s decision to pause most of his sweeping levies. But investors remain unsettled, especially as Washington and Beijing face off.

Calm has returned to some parts of the market today after President Trump’s tariffs reprieve, but the uncertainty for business remains.Eric Lee/The New York TimesAfter the about-face

The relief rally has gone global, for now.

Stocks in Asia and Europe have rebounded after President Trump’s drastic U-turn on tariffs. Turmoil in the bond markets has cooled, as investors hope that the president averted crashing the global economy into recession.

But U.S. stock futures are in the red as uncertainty abounds. Businesses and investors have little visibility into the White House’s next moves, even as some corporate leaders take comfort in the markets’ role in prompting the reversal. (More on that below.)

Where things stand: Trump announced

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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