U.S. stocks are drifting Tuesday following President Donald Trump’s latest escalation against the United States’ trading partners with tariffs. The S&P 500 was virtually unchanged in the market’s first trading since Trump announced 25% tariffs on all foreign steel and aluminum coming into the country.

Wall Street edged back from its all-time high on Friday, as U.S. stock indexes drifted following mixed profit reports from big companies. The S&P 500 barely budged and slipped by less than 0.1%, a day after rallying within 0.