The president said he will impose tariffs Feb. 1 on products from Canada, Mexico and China, countries that together account for more than a third of U.S. trade.

The likelihood of an all-out trade war may have receded but not the trade-related volatility as stocks climbed.

President Trump pushed out a wave of executive orders yesterday after his inauguration. NBC News senior business correspondent Christine Romans reports more on when Trump plans to roll out the tariffs he promised on Mexico and Canada.