The S&P 500 rose 0.57 percent following President-elect Trump's tariff announcements, hitting record highs despite concerns that such measures could disrupt international trade.
Trump's intention to impose a 25 percent tariff on goods from Mexico and Canada, alongside a 10 percent tariff on China, has caused significant volatility in global markets.
As key international markets like Tokyo, Shanghai, and London closed lower, investors are left speculating whether Trump's tariff threats are serious or merely negotiation tactics.
Economists have warned that sweeping tariffs could increase the cost of living in the US and negatively impact global economic growth, raising concerns among analysts.
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