Trump’s Tariff Flip-Flops Help Send Stocks Lower

On Thursday, Donald Trump signed a few more executive orders. Among the scores he’s churned out since taking office, these were unique, since they partially reversed orders from just two days ago.

It was the latest backpedal by the White House in the face of furious fallout both at home and abroad to his 25% sanctions against Canada and Mexico. With markets plummeting, automakers yowling and Canada pounding its chest, Trump announced he would exempt some goods from both countries, but only for a month. If that sounds familiar, it’s because this is the second month-long delay Trump granted on his own tariffs.