Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.

Investors have had their fair share of things to digest this week. Trump the tariff man has returned in force. The president slapped a 50% tariff on copper imports, powering shares of metals play Freeport-McMoRan (FCX) up almost 5% on the week.

The president’s supporters portray him as a top dealmaker. But, at least for now, far more trading partners have gotten stiff tariffs than trade deals.

He met with Trump at the White House on July 10 where, he said, the president was jubilant over NVIDIA’s milestone.Start the day smarter. Get all the news you need in your inbox each morning.

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. President Donald Trump announced Saturday that he'll impose 30% tariffs on the European Union and Mexico, with overall Trump tariffs set to top April 2 Liberation Day levels.

The stock market has learned to love President Donald Trump’s tariffs. Wall Street revolted in April after the president unveiled plans for the highest U.S. import taxes in more than a century. Stocks lost nearly 12 percent of their value in less than a week,

U.S. stocks are higher as investors eye President Donald Trump's next tariff moves and await minutes from the last Federal Reserve policy meeting.

Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures.The stock market rally had a narrowly mixed session on the major indexes, pausing after running to record highs.