Uncertainty Over Tariffs Leads to Wild Swings in Markets
President Trump said on Monday that he does not plan to pause a slate of expansive tariffs set to take effect later this week, as he threatened to subject Chinese imports to a staggering 104 percent tax in a bid to ward off retaliation by Beijing and other powers.
Mr. Trump issued his warning on a day when the White House once again found itself on the defensive for its spiraling global trade war. But the president insisted he remained unbowed by the widening range of governments pleading for relief and the markets convulsing anew over the chaos and confusion.
“We’re not looking at that,” Mr. Trump said, when asked about a possible pause on his tariffs. “We’re going to have one shot at this and no other president is going to do…
