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 rising on Monday. The S&P 500 was up 0.6% in morning trading, coming off a losing week that was bookended by worries about how potential tariffs could push up inflation and threaten the economy.

President Donald Trump has kicked off his second term with sweeping changes—cutting foreign aid, firing federal workers, and scaling back government operations. While his policies are shaking up Washington,

The United States will be fuelling inflation with its move to resume tariffs on aluminium and steel imports, European Union trade commissioner Maros Sefcovic told the European Parliament on Tuesday.

European Union trade ministers will hold an unscheduled video conference on Wednesday to discuss the bloc's response to impending U.S. steel and aluminium tariffs, EU diplomats said on Tuesday. U.S. President Donald Trump signed proclamations late on Monday to raise tariffs on all steel and aluminium imports to 25% without exceptions or exemptions.

The European Union will respond with tough and appropriate measures following US President Donald Trump's decision to impose 25% tariffs on imports of aluminum and steel from Europe, according to European Commission President Ursula von der Leyen.

The gain in the Federal Reserve’s preferred inflation measure will probably average nearly 2.7% during the four quarters starting in April, according to economists surveyed by Wolters Kluwer.

President Donald Trump’s desire to get even on countries by matching tariffs they have on American goods could come at a steep cost.

US tariffs on Australian steel and aluminium would have minimal direct impacts, but weakened Chinese demand for goods like iron ore could hit economic growth.