Even if tariffs ultimately aren’t imposed, the uncertainty and volatility caused by the threat of tariffs could prove costly.

Investing.com-- The S&P 500 closed higher Monday, as an Nvidia-led rally in tech offset tariff comments from President Donald Trump ahead of the release of key economic data and events later this week including testimony from Federal Reserve Chairman Jerome Powell.

Wall Street is taking President Donald Trump’s latest threat on tariffs in stride, on the whole, and U.S. stocks are opening higher

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 0.4% in early trading, coming off a losing weekbookended by worries about how potential tariffs could push up inflation and threaten the economy.

Asian equity markets were mixed while most base metal prices rose as investors and traders weighed President Trump’s pledge to impose 25% tariff on steel and aluminum imports.