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 0.6% in midday trading, coming off a losing week that was bookended by worries about how potential tariffs could push up inflation and threaten the economy.

Investors are weighing Trump's pledge on Sunday to introduce additional 25% tariffs on steel and aluminum from all countries.

Stocks fell on Monday as markets reacted to President Trump’s decision to impose tariffs on America’s three largest trading partners, sparking concerns a trade war could hit consumer and corporate finances.