Yes, I'd agree with that. Uncertainty kills markets, and if Trump continues down the path he appears to be on, volatility will continue. I suspect in the last 24 hours, the biggest Execs in the US have been in the administrations ear, warning Trump he will be out sooner than later if he does not stabilize things. I'd place good money on the 90 day relief period being extended indefinitely, but better for markets would be scrapping the entire unilateral tarriff policy.
The dawning realization is that if Nations bail on funding US Treasuries, the US is cooked. Europe is already developing plans to divert funds into European Bonds, that will in part fund defence re Ukraine. Either way, this is a watershed period, unlike anything seen since WWII.
Europe's leaders have lost the little faith they did have in the US on several fronts, and its those ramifications that will last for years to come.
