Investors are assessing the likelihood Trump will deliver on his threat to impose fresh tariffs on China, Canada and Mexico.

U.S. stocks are rising near records Monday and adding to last week’s gains. The S&P 500 was 0.4% higher, as of 11:30 a.m. Eastern time, and sitting a bit below its all-time high set two weeks ago. The Dow Jones Industrial Average added 353 points,

The choice of hedge fund manager Scott Bessent came after a public battle among Trump supporters over who should be the new Treasury secretary.