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Stocks regained some ground this morning after three days of heavy losses.
NPR's Scott Horsley reports the Dow Jones industrial average jumped more than 1,300 points in early trading.
Steep new tariffs on many imported goods are set to take effect tomorrow.
But investors are crossing their fingers
that the economic fallout from the trade war might be tempered through negotiations.
President Trump has said many U.S. trading partners are eager to make a deal,
although Trump is noncommittal on what he's willing to offer in return.
Even before Trump's big tariff announcement last week,
many small business owners were feeling less bullish about the economic outlook.
The Small Business Optimism Index, compiled by a National Federation of Business Owners,
fell last month, and is now just below its long run average.
Asian stocks were higher overnight after a big drop on Monday.
Scott Horsley, NPR News, Washington.
President Trump has insisted
that he wants other countries to change their tariff policies toward the U.S. Writing online this morning,