Wall Street isn’t thrilled about the return of Donald Trump’s tariff threats. But traders are hardly panicking either. Shares of automakers were hit hard this week after the president-elect promised to levy hefty tariffs on imports from Canada and Mexico on his first day in office,

U.S. stocks are hanging near their records on Tuesday as Wall Street takes Donald Trump’s latest talk about tariffs in stride.

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Large-cap U.S. stocks have outperformed virtually all comers over the past 15 years. According to some of the world’s largest investment banks, that is unlikely to change in 2025.

As President Donald Trump settles into his second term in 2025, his relationship with Wall Street continues to be a polarizing topic. While some hail his administrations pro-business policies as catalysts for