Major stock indexes fell in volatile trade on Tuesday, with the Nasdaq Composite index at one point down 10% from its December record high, while Treasury yields also seesawed as the United States hit Canada,

President Donald Trump wants his big speech tonight to a joint session of Congress to be a victory lap for his first several weeks in office. But so far today, there’s no calm before the storm: He risks overshadowing his own address by launching a massive tariff war against America’s biggest trading partners.