Wall Street edged back from its all-time high on Friday, as U.S. stock indexes drifted following mixed profit reports from big companies. The S&P 500 barely budged and slipped by less than 0.1%, a day after rallying within 0.

President Trump has announced that he would implement tariffs of 25 percent on all steel and aluminum imports to the U.S.

The tariff man holds a big stick but markets aren’t convinced he’ll use it.  President Donald Trump signed off on reciprocal tariffs on Thursday with a catch: Implementation won’t happen until at least April.