There has been an aspect of “will he, won’t he?” in terms of President Donald Trump introducing long-promised tariffs in recent weeks. It now appears settled that such tariffs are here to stay, at least for now anyway.

President Trump’s plan to impose a 25 percent tariff on cars and parts imported into the U.S. sent a shudder through the global car industry. Markets in Asia, Europe and the U.S. wobbled yesterday as many automakers’ stock prices fell.

Chinese President Xi Jinping vowed to improve market access at a meeting with a group of global business leaders in Beijing, in an effort to boost investor sentiment as rising tariffs fuel uncertainty for the economy and international trade.