Hello and welcome to World Business Report from the BBC World Service.
I'm Rahul Tanan once again.
We're talking about tariffs.
We're talking about what's been another up and down day for the global economy because that volatility,
we've seen it the most in the financial markets with big falls at the start of the day in Asia and Europe.
The US market will close a short while ago after a bumpy session.
We'll be looking at that in a bit more detail in a few minutes.
This of course is all linked to Donald Trump's tariff policies.
Well, what has he said?
A short while ago I spoke to our North American business correspondent, Aaron Delmo,
who started by telling me where exactly we are when it comes to those tariffs.
We have seen a real back and forth today and I feel for the reporters who are throwing questions at President Trump,
whether it's on Air Force One over the weekend or during a bilat with Israeli leader Benjamin Netanyahu today.
Everyone's trying to nail down whether this is a negotiating tactic or whether the moves he's making on tariffs are really intended to level the playing field
as he calls it,
extract concessions from foreign partners, and he talks about rebalancing trade.
Now, it seems like his White House is trying to have both lanes at the same time.
You will hear him or you'll hear people in his administration saying, we're staying firm.
We're not budging.
And then we'll also see him talk about phone calls he's taken.