US stocks were mostly flat on Tuesday as investors awaited for more updates on President Donald Trump’s tariffs and how much they’re affecting the economy. As of 9:35 AM Eastern time, the S&P 500 and the Nasdaq Composite were flat. The Dow Jones Industrial Average was up 0.1%.

Trump’s tendency to back off of his most extreme threats recently inspired a Financial Times writer to coin the phrase “ TACO trade ,” for “Trump Always Chickens Out.” But regardless of his reversals,

Wall Street's main indexes were on track for a lower open on Monday after President Donald Trump revealed plans to double tariffs on imported steel and aluminum, fueling more uncertainty around U.S. trade policies.