Wall Street share futures fell and the dollar rose broadly on Monday after U.S. President Donald Trump repeated warnings of imminent tariffs including on steel and aluminium, an inflationary move that could limit the scope for rate cuts.

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.

He went on to warn that the decision can have "national security implications" for the country and could cause "significant rattling to the stock market that has so far been very excited about Trump's presidency because of the deregulatory and tax perspectives.