The dollar rallied and Asian stocks briefly erased opening gains after US President Donald Trump said he was considering enacting previously threatened tariffs on Canada and Mexico starting next month.

Base metals declined after US President Donald Trump said he would likely enact tariffs on Mexico and Canada by Feb. 1, hurting market sentiment even as he held off from imposing levies on China.

The possibility of both silver and gold being caught up in the sweeping tariff measures has whipsawed the market in recent weeks.

Meanwhile. silver futures briefly spiked after Trump’s comments, with prices on contracts for delivery in March surging as much as 1.2% to US$31.525 an ounce before paring gains.

Wall Street indexes rose as investors assessed President Trump's executive orders and awaited trade policy actions. Although tariffs on Canadian and Mexican goods were mentioned, concrete plans remain unclear.

Over the past decade, Shakepay has been a part of the rise of the global cryptocurrency market, and advocates for smart public policy in the space. The company offers a platform where customers can manage their day-to-day spending in dollars, while seamlessly saving, earning and acquiring bitcoin as a way to build wealth along the way.

AUD/USD struggles to capitalize on the previous day's late rebound and remains below the 0.6300 mark on Wednesday amid US-China trade war fears under Trump 2.0. That said, a positive risk tone supports the Aussie amid a bearish USD, weighed down by bets that the Fed will cut rates twice this year.

US benchmark equity indexes ended higher Tuesday as markets digested President Donald Trump's initial agenda items and awaited Netflix's (NFLX) latest financial results. * President Trump stopped short of announcing fresh import taxes on his first day in office,

US equity indexes rose after midday Tuesday as government bond yields traded mixed after President Donald Trump's administration appeared to adopt a measured approach to implementing his economic agenda,

Stripping out the effects of the tax holiday, annual inflation ticked up for December to 2.3%.

President Donald Trump’s plans to institute a 25% tariff on Canadian and Mexican goods on Feb. 1 have the potential to shake up automakers’ pricing, product availability and supply chains.