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.

Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

President Trump blew up global trade and rattled the economy with huge, hotly disputed tariffs on major trading partners. Exactly one week later, he said never mind. Why it matters: The new question for top CEOs and Wall Street traders is which of Trump's "burn-it-all-down" economic policies actually stick.