When Donald Trump reclaimed the presidency in 2024, investors braced for a return to “America First” economics, and his stock portfolio looked poised to ride the wave.

Trump's tariff announcement has already led to a decline in stock indices, and its ripple effects are expected to affect investors in the weeks ahead.

President hardens stance on trade deadline, Nvidia gets closer to record $4 trillion market value, and more news to start your day.

Global markets shrugged off the news, however, with both Asia-Pacific and Europe stocks staging a muted response Tuesday. One reason is likely to be because of Trump's seemingly more flexible approach to the new policies.

The S&P 500 retreated 0.8% from its all-time high, and bond yields ticked higher. The Dow industrials fell 0.9%.