On Thursday, the president told reporters that he’ll start sending out letters on Friday informing trading partners about unilateral tariffs as high as 60-70%.

Equity-index futures fell and the dollar dipped after President Trump said his administration may start sending out letters imposing unilateral tariffs on trading partners as early as Friday.

Global investors are cautiously approaching U.S. President Donald Trumps looming Wednesday deadline for new trade tariffs, though markets appear largely unfazed. The 90-day pause on the so-called Liberation Day