CNN —
Momentary relief was met with the stark reality Friday that President Donald Trump is not nearly done with his chaotic tariff regimen.
In remarks to reporters from the Oval Office on Friday, Trump said he will announce new so-called reciprocal tariffs next week, perhaps fulfilling a campaign pledge and a long-held desire to match foreign countries’ import taxes dollar-for-dollar to restore what the president believes is fairness to international trade.
That statement shook financial markets Friday after what had been a relatively quiet week for stocks. Although Trump’s 10% across-the-board tariffs on
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