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.

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.

Trump plans to announce reciprocal tariffs on April 2nd. These tariffs will target countries that have imposed tariffs and other long-term limitations on the US. Officials who are aware of the matter say this announcement on “Liberation Day” will be more specific than Trump’s overall global threats.