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Fortune
Fortune
Leo Schwartz

Markets swing upward as White House signals trade deals, auto tariffs reprieve

(Credit: Win McNamee—Getty Images)

Markets continued to see-saw on Tuesday as Trump administration officials tried to calm anxious investors. The latest to try to reverse recent volatility was Commerce Secretary Howard Lutnick, who appeared on CNBC to hint at a possible trade deal.

"I have a deal done, done, done, done, but I need to wait for their prime minister and their parliament to give its approval, which I expect shortly," Lutnick said, buoying stocks, though he declined to specify if he was referring to Canada, the United Kingdom or another country.

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