U.S. stocks rose, but only after careening through another wild day. The S&P 500 climbed 0.6% Friday after erasing an earlier loss that reached 1.3%.

The hope on Wall Street is that Trump is using the threat of tariffs as a tool for negotiations and that he’ll ultimately go through with policies that would mean less damage for the global economy and trade. Tariffs could raise prices on everyday items even more for U.S. households, when high inflation has proven to be stubborn to subdue fully.