Mexico’s peso and Canada’s dollar fell sharply in the early hours of Tuesday morning on the back of a social media post from president-elect Donald Trump outlining plans to impose 25% tariffs on all products imported from the two countries with which the U.S. shares a land border.

U.S. stocks rose to records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street

Stocks were higher Tuesday afternoon as investors digested earnings reports from several retailers and awaited results from technology companies after the closing bell.

Stocks rallied and yields plunged as markets cheered Scott Bessent as Trump's pick to run the Treasury. The Dow and the Russell 2000 hit fresh records.