Even by the standards of Trump’s second term, the saga that had played out over the past week left the world struggling to catch its breath.

U.S. stocks rose on Friday as Wall Street ended a roller-coaster week amid a trade war involving tariffs started by the United States. Investors expressed optimism after the White House said it was in favor of a trade idea with China.

Minutes after President Donald Trump announced a 90-day pause on a tariff plan that triggered a stock market rout and global upheaval, U.S. Treasury Secretary Scott Bessent strode out of the White House to explain the abrupt turnabout.