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President Trump threw cold water in negotiation of trades with commercial partners, causing a market sale on Tuesday by investors waiting for clarity over the white house’s tariff plans. At a meeting with Canadian Prime Minister Mark Carney, Trump argued That their administration does not “have to sign offers”, an apparent backward of their own maximum officials, who have promised progress. “They want a piece of our market,” Trump said. “We don’t want a piece of their market.”

Comments caused a fall in the prices of shares on the heels of one drop On Monday, which followed a winning streak again, the longest since 2004. The S&P 500 fell 0.77%, and investors also provided for a decision From the Federal Reserve at the end of this week as to whether the Central Bank will maintain constant interest rates.

The Whiplash between Trump and his advisers reflects the increasingly unstable macro conditions, with companies expect to obtain a clear guidance on the commercial posture of the United States Government.

Continuous uncertainty

Since the Trump administration hosted its revelation “Liberation Day”, where Trump announced rigid and spacious rates against commercial partners, markets have not been able to get a constant foot due to the changing statements of the White House.

A rotation of the main Trump officials, including Treasury Secretary, Scott Bessent and the Secretary of Commerce, Howard Lutnick, has hinted the imminent trade agreements with major allies such as India and Japan, promoting actions to go up in the last two weeks. Trump’s comments on Tuesday, however, promoted a renewed negative feeling.

Hosting Carney In the White House, Trump reiterated his fare policy against Canada, as well as his insistence that Canada should be part of the United States “after having met with the owners of Canada in recent months, he is not on sale,” said Carney. “Never say,” Trump responded.

Most consistent, however, were Trump’s broadest comments at the meeting on the signing of new arrangements with other partners. Although advisers such as Bessent and Lutnick, as well as Trump, have stated that the United States could soon reach agreements, Trump said he was exhausting of the discussion. “I would like to … stop asking -how many deals are you signing this week?” Trump said.

Technological stocks, including Goal and Amazonfell modestly on Tuesday.

While the White House is based on the tariff negotiations, the FED’s decision of interest will be the next important signal for investors. Analysts expect the Central Bank to keep the rates steady, though Trump continues Apply pressure To President Jerome Powell to reduce rates, discussing its social networking platform social that there is no “inflation” and quoting incorrect Gas and egg prices. Jim Reid of Deutsche Bank write That the economists of the bank expect the following rate to occur in December.

Consumers could soon begin to feel the impact of white house political decisions. Economist in Chief of RSM, Joseph Brusuels write In a note on Monday that a rate -induced recession could begin in the Los Angeles docks, caused by the increase in prices and unemployment related to the supply chain.

“The price of these policies will be paid first to the ports and then it will spread to the rest of the economy,” Brusuelas wrote.

This story originally presented to Fortune.com

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