President Donald Trump used his inaugural address to focus on ways to "resurrect the old economy by making it cheaper to build it here, using taxes, regulations, tariffs and abundant energy," according to Steven Blitz,

The market is split on the timing and size of tariffs on China, the EU, Mexico, Canada, and now Russia—but traders, analysts and farmers are preparing in the same way they did in 2018.

Investors were tentatively breathing a sigh of relief on Tuesday as U.S. President Donald Trump’s initial policy diktats on tariffs were less stringent than they had feared, despite setting a tone of uncertainty in global markets.