Investors are braced for more Trump tariffs as focus turns to inflation and Fed Chair Jerome Powell's Senate testimony.

Wall Street is taking President Donald Trump’s latest threat on tariffs in stride, on the whole, and U.S. stocks are drifting higher on Monday. The S&P 500 was up 0.4% in early trading, coming off a losing weekbookended by worries about how potential tariffs could push up inflation and threaten the economy.

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Stocks in Asia were mostly down Tuesday, after U.S. President Donald Trump imposed 25% tariffs on all U.S. imports of steel and aluminum. Hong Kong’s Hang Seng index declined 0.62% to 21,388.49, while the Shanghai Composite dipped 0.

Asian shares were trading mixed on Monday, as investors found bargains despite worries about U.S. President Donald Trump’s various tariffs.

Global shares are trading mostly higher after a Wall Street rally that followed profit reports from major companies.

U.S. stock futures were sliding Tuesday after President Donald Trump set into motion a plan to impose 25% tariffs on steel and aluminum imports. Trump signed dual executive orders for steel and aluminum levies that he said on Monday were “the beginning of making America rich again.

Wall Street took President Donald Trump's latest threat on tariffs in stride. The S&P 500 climbed 0.7 percent Monday, coming off a losing week that was bookended by worries about how potential tariffs could push up inflation and threaten the economy.