Wall Street Edges Up as Trump Threatens 30% EU, Mexico Tariffs

U.S. stocks finished Monday slightly higher, extending a summer rally even as President Donald Trump intensified trade tensions. The Dow Jones Industrial Average rose 0.20% to 44,459.65, the S&P 500 added 0.14% to 6,268.56—about a dozen points shy of its record—while the Nasdaq Composite advanced 0.27% to an all-time closing high of 20,640.33. Gains came after Trump vowed over the weekend to impose a 30% tariff on most imports from the European Union and Mexico starting 1 August, following levies announced earlier on Japan, South Korea, Canada and Brazil. Brussels has temporarily held off retaliatory measures while talks continue, and investors are betting the White House could still soften the plan, muting market volatility. Trading volume remained below the 20-day average as participants looked ahead to a packed calendar. June consumer-price data due Tuesday are expected to show inflation picking up, and major banks including JPMorgan Chase and Bank of America kick off second-quarter earnings that analysts forecast will reveal slower profit growth under the expanding tariff regime.