W hen Donald Trump’s tariffs are mentioned, you might recall his “Liberation Day” duties on uninhabited islands, his on-again, off-again threats against Canada, or the curt letters he has sent foreign leaders informing them of imminent rates.

Analysts said the muted market response was because many investors expected the levies to settle at lower levels after negotiations.

Russia continued its nightly bombardment of Ukrainian cities overnight into Tuesday, after President Donald Trump said the U.S. would send military equipment to Kyiv.