AP PHOTOS: Trump pushed the global economy to the brink with tariffs — and then pulled back

A cart with a Target logo sits in the parking lot of a Target store in the early morning hours in La Habra, Calif., Wednesday, April 9, 2025. (AP Photo/Jae C. Hong)

Traders work on the floor at the New York Stock Exchange in New York, Wednesday, April 9, 2025. (AP Photo/Seth Wenig)

Containers with Yang Ming Marine Transport Corporation, a Taiwanese container shipping company, are stacked up at the Port of Los Angeles with the the Long Beach International Gateway Bridge seen in the background on Wednesday, April 9, 2025 in Los Angeles. (AP Photo/Damian Dovarganes)

Traders work on the trading floor of the Frankfurt Stock Exchange in Frankfurt, Germany, the day after U.S. President Donald Trump announced a 90-day pause on ‘reciprocal’ tariffs, Thursday, April 10, 2025. (AP Photo/Martin Meissner)

Workers stitch clothes at a factory located in a slum in Dharavi, Mumbai, India, Thursday, April 10, 2025. (AP Photo/Rafiq Maqbool)

A shopper picks up imported apples at a supermarket in Hanoi, Vietnam on Thursday, April 10, 2025. (AP Photo/Hau Dinh)

President Donald Trump is displayed on a television on the floor at the New York Stock Exchange in New York, Wednesday, April 9, 2025. (AP Photo/Seth Wenig)

People work on the floor at the New York Stock Exchange in New York, Wednesday, April 9, 2025. (AP Photo/Seth Wenig)

Chinese people visit an Apple Store, inside a shopping mall, in Beijing, Thursday, April 10, 2025. (AP Photo/Andy Wong)

A vendor arranges gold jewelry in Jakarta, Indonesia, Thursday, April 10, 2025. (AP Photo/Achmad Ibrahim)

Party supply store owner Alfredo Garcia stacks items at his store in the Toy District of Los Angeles, Wednesday, April 9, 2025, where the majority of the merchandise is imported from China. (AP Photo/Jae C. Hong)

People shop at a party supply store in the Toy District of Los Angeles, Wednesday, April 9, 2025, where the majority of items are imported from China. (AP Photo/Jae C. Hong)

Made in China labels are shown on products in Carmel, Ind., Wednesday, April 9, 2025. (AP Photo/Michael Conroy)

Hats imported from China are displayed in a store in the Toy District of Los Angeles, Wednesday, April 9, 2025. (AP Photo/Jae C. Hong)

People dine at Italian restaurant in the Little Italy neighborhood, Wednesday, April 9, 2025, in New York. (AP Photo/Yuki Iwamura)

A man pulls a trolley with goods past a currency exchange shop at Eminonu commercial area, in Istanbul, Turkey, Wednesday, April 9, 2025. (AP Photo/Francisco Seco)

A currency trader prepares to work near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, April 10, 2025. (AP Photo/Lee Jin-man)

A man takes a picture with his mobile phone near an electronic board displaying stock prices at the Indonesia Stock Exchange, in Jakarta, Indonesia, Thursday, April 10, 2025. (AP Photo/Tatan Syuflana)

A person carries a bag of rice produced in Thailand in the Chinatown neighborhood, Wednesday, April 9, 2025, in New York. (AP Photo/Yuki Iwamura)

Poland Beloin, top center, guides lumber at the Marcel Lauzon sawmill, Wednesday, April 9, 2025, in East Hereford, Quebec, Canada. (AP Photo/Robert F. Bukaty)

A man pilots a speedboat past the seaport in Buenaventura, on Colombia’s Pacific coast, Wednesday, April 9, 2025. (AP Photo/Fernando Vergara)

Cranes work on stacks of containers at the Bangkok Port in Bangkok, Thailand, Thursday, April 10, 2025. (AP Photo/Sakchai Lalit)

Trucks wait to load shipping containers at the Port of Los Angeles, Wednesday, April 9, 2025, in Los Angeles. (AP Photo/Damian Dovarganes)

An employee shows U.S dollars banknotes at a money changer in Jakarta, Indonesia, Thursday, April 10, 2025. (AP Photo/Tatan Syuflana)

A TV camera crew work in front of a screen showing stock prices at the Korea Exchange in Seoul, South Korea, Thursday, April 10, 2025. (AP Photo/Ahn Young-joon)

A currency trader watches computer monitors at a foreign exchange dealing room in Seoul, South Korea, Thursday, April 10, 2025. (AP Photo/Lee Jin-man)

Perennial Cycle owner Luke Breen, who says says the bikes he sells all contain components from China, Taiwan and Vietnam, builds an electric cargo bike at his shop in Minneapolis, Wednesday, April 9, 2025. (AP Photo/Mark Vancleave)

Workers pack soap at a factory located in a slum in Dharavi, Mumbai, India, Thursday, April 10, 2025. (AP Photo/Rafiq Maqbool)

Germany’s main financial district is pictured in the setting sun in Frankfurt, Germany, Wednesday, April 9, 2025. (AP Photo/Martin Meissner)

An electronic screen displays financial information on the floor at the New York Stock Exchange in New York, Wednesday, April 9, 2025. (AP Photo/Seth Wenig)

Anthony Matesic works on the floor at the New York Stock Exchange in New York, Wednesday, April 9, 2025. (AP Photo/Seth Wenig)

A person walks through a parking lot at Harry Reid International Airport, Wednesday, April 9, 2025, in Las Vegas. (AP Photo/John Locher)