The stock market appeared poised for a reversal of the previous day’s blistering stock market rally as attention shifted to a potential U.S.-China trade war.

U.S. stock futures point to a lower open on Thursday, a day after a historic surge on President Donald Trump's 90-day pause on some of his most aggressive tariffs.

Stocks in the U.S. look set for another for another rough outing Monday as the Trump tariff fallout continues to roil global markets.

China is reaching out to other nations as the U.S. layers on more tariffs in what appears to be an attempt to form a united front to compel Washington to retreat. Days into the effort, it's meeting only partial success with many countries unwilling to ally with the main target of President Donald Trump's trade war.

President Donald Trump said Wednesday he will pause reciprocal tariffs for 90 days to more than 75 U.S. trading partners except for China, whose tariff rate he said will increase to 125%, effective immediately.

In a dramatic change of policy, Donald Trump has paused higher tariffs on goods entering the United States from every country except China. In a post on social media, the President said levies would be lowered to ten percent,

Oil prices retreated by more than 2% on Thursday as fears of a deepening U.S.-China trade war and a possible recession eclipsed earlier relief created by President Donald Trump's announcement of a 90-day pause on some tariffs against most countries.

Trump’s decision to pause his “reciprocal” tariffs on most countries for 90 days helped reduce some of the huge fall in equities in recent days, which had been prompted by Trump’s “liberation day” tariff announcement a week ago.

Trump announced a 90-day pause on reciprocal tariffs for some countries while raising tariffs on China to 125%. Follow along for live updates on the Dow, S&P 500 and Nasdaq.