New Delhi, April 11 -- What began as a campaign promise has now rattled the global economy.

Less than 24 hours after implementing sweeping "reciprocal tariffs," US President Donald Trump on Wednesday announced a 90-day pause on the new duties for most trading partners, including India.

The decision to suspend the new duties came amid turmoil in the bond market, according to Raymond E. Vickery Jr., former US assistant secretary of commerce for trade development.

Speaking to Mint, Vickery said the cost of financing America's rising debt-and fears of a credit crisis-prompted the White House to backtrack, at least temporarily.

Trump's announcement followed urgent appeals from more than 75 countries, according to Trump's post on Truth Soci...