Stocks are rallying worldwide Monday after President Donald Trump relaxed some of his tariffs, for now at least. The S&P 500 was 1.5% higher in early trading. It’s coming off a chaotic week where it careened through historic swings as financial markets struggled to catch up with Trump’s moves on tariffs,

President Trump has ordered a probe that may result in tariffs on critical minerals, rare-earth metals and associated products such as smartphones.

This is the start of a critical week for the White House, with a new round of tariffs on the way.