US stocks opened higher on Tuesday as traders reacted to a series of executive orders issued by President Donald Trump in the first full day of his second term. The market saw a positive trend with the Dow rising by 170 points (0.39%), the S&P 500 increasing by 0.49%, and the Nasdaq Composite moving higher by 0.52%.
During an Oval Office signing ceremony on Monday, President Trump announced a 25% tariff on Mexico and Canada starting February 1. Notably, there was no mention of tariffs on China, the largest trade partner of the US. When asked about tariffs on China, Trump highlighted the existing tariffs from his first term that were still in place after President Joe Biden's administration largely maintained them.
