British equities slipped on Tuesday, as investors assessed the impact of U.S. President Donald Trump's tariffs on metals.

Stocks in Asia were mostly down Tuesday, after U.S. President Donald Trump imposed 25% tariffs on all U.S. imports of steel and aluminum. Hong Kong’s Hang Seng index declined 0.62% to 21,388.49, while the Shanghai Composite dipped 0.

U.S. stocks closed higher as investors snatched up aluminum and steel shares on President Trump's plan for a 25% tariff on those imports.

Gold shot to a record high and stocks were subdued on Tuesday as investors braced for further shifts in U.S. trade policy and waited to hear from Federal Reserve Chair Jerome Powell on tariffs and inflation.

Wall Street is taking President Donald Trump’s latest threat on tariffs in stride, on the whole, and U.S. stocks are rising on Monday. The S&P 500 was up 0.6% in morning trading, coming off a losing week that was bookended by worries about how potential tariffs could push up inflation and threaten the economy.

Gold surged to an all-time high above $2,935 an ounce on Tuesday, while the U.S. dollar remained firm and Hong Kong stocks climbed to a four-month peak. Investors are closely watching Federal Reserve Chair Jerome

Gold shot to a record high, the dollar was firm and stocks were subdued on Tuesday as investors braced for further shifts in U.S. trade policy and waited to hear from Federal Reserve Chair Jerome Powell on tariffs and inflation.