President Donald Trump opened his remarks alongside NATO Secretary-General Mark Rutte in the Oval Office on Monday by threatening "severe tariffs" against Russia. "We're very, very unhappy with them," Trump said of Russia. "And we're going to be doing very severe tariffs if we don't have a deal in 50 days."

The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.

President Donald Trump enacted sweeping tariff measures on the vast majority of U.S. trade partners earlier this year.

President Donald Trump posted on Truth Social that his tariff letters "and/or deals" will be delivered to "various countries from around the world," on Monday, starting at 12 p.m ET. Currently, it is unknown which nations will be receiving the letter and/or deal.

United States stock indexes hung near their records on Monday following President Donald Trump's latest updates to his tariffs, as speculation continues on Wall Street that he may ultimately back down on them.

US President Trump announced the US is pursuing a trade agreement with India, aiming for greater access to Indian markets, similar to the deal struck with Indonesia. Indian commerce ministry officials are currently in the US for trade talks,

President Donald Trump on Wednesday levied a 50% tariff against Brazil, which produces more than a third of the world's coffee, citing, in part, the country's treatment of former President Jair Bolsonaro,

The Dow, S&P 500 and Nasdaq remain volatile as trade deals and tariffs keep investors in limbo. Amazon’s Prime Day met with fierce competition as Walmart, Costco offer their own deals. Oil inches higher.

The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.

The U.S. will put in place a 25% tariffs on imports from Japan and South Korea starting on Aug. 1, according to letters posted by President Donald Trump on his social media platform on Monday. Trump already delayed the high tariff rates against dozens of U.S. trade partners that he rolled out on April 2 until Wednesday.

Copper and pharmaceuticals are getting hit with the tariff stick and the price is steep says President Trump who is promising more trade deals. Stocks remain volatile amid the uncertainty, but investors are piling into Nvidia lifting its market cap to new record.