Markets jumped after signs that Trump may be reconsidering new tariffs. Stocks moved higher, and investor sentiment briefly improved. But, optimism faded quickly. S&P 500 futures fell nearly 2%, oil prices declined, and the U.S. dollar weakened for a third straight day. IInvestors moved their money into safer assets like gold, the Swiss franc, and the Japanese yen. The message is clear: one comment isn’t enough to fix the damage caused by ongoing trade tensions. Analysts at Robeco said, “Pandora’s box is open — there’s no turning back.” Major firms like Citi and Jefferies are urging clients to be cautious and consider moving investments out of the U.S. PIMCO now sees a 50/50 chance of a recession. Big tech stocks like Nvidia and Tesla, which had seen major gains, are falling again before the market opens. Companies around the world are delaying orders and cutting back on spending. At the same time, tensions with China are rising, increasing the risk of a long-term split between the two countries. As the U.S. sends mixed signals, China is taking steps to support its economy — introducing new stimulus measures and allowing the yuan to weaken. The Chinese currency is now at its lowest level since 2007. Europe and Asia are still reacting to yesterday’s gains, but the global outlook is shifting. It’s becoming clear that market volatility is here to stay. Business investment is likely to slow down, and U.S. debt no longer looks as safe as it once did. Uncertainty isn’t going away anytime soon.