The Trump administration has promised that countries around the world will face new reciprocal tariffs from the U.S. starting April 2, with President Donald Trump and other administration officials often saying something along the lines of,

President Donald Trump’s coming wave of tariffs is poised to be more targeted than the barrage he has occasionally threatened, aides and allies say, a potential relief for markets gripped by anxiety about an all-out tariff war.

Markets whipsawed further Friday in response to President Donald Trump’s latest comments on tariffs, with stocks briefly turning higher after he hinted that there may be “flexibility” in his plan to impose blanket tariffs on most U.S. trading partners next month before retreating back into the red.