U.S. stocks climbed Wednesday after President Donald Trump pulled back on some of his tariffs temporarily. The move revived hope on Wall Street that Trump may avoid a worst-case trade war that grinds down economies and sends inflation higher.

The stock markets endured a turbulent day as Wall Street braced for the impacts of President Donald Trump’s tariffs on the U.S.’s largest trading partners. The president’s highly anticipated 25 percent trade tariffs on Mexico and Canada took effect Tuesday.

U.S. stocks are remaining relatively calm Monday, and indexes are drifting in mixed trading ahead of President Donald Trump’s latest deadline on tariffs. The S&P 500 was 0.1% higher in morning trading.