Global Markets Rally as Wall Street Hits New Highs Amid Tariff Concerns

The US stock market reached record highs despite President-elect Donald Trump's announcement of sweeping tariffs on imports from Mexico, Canada, and China, which unsettled European and Asian markets. The S&P 500 rose 0.57%, the Nasdaq Composite gained 0.63%, and the Dow Jones increased by 0.3%. While some stocks like General Motors and Ford fell due to their reliance on imports from Mexico, investors are uncertain if Trump's tariff threats are a negotiation tactic or a firm policy move.