Analysts said the muted market response was because many investors expected the levies to settle at lower levels after negotiations.

On top of that, the president floated a 50% tax on copper imports and a 200% levy on pharmaceuticals on Tuesday.The stock market wasn’t too fussed, finishing broadly flat. The bet appears to be that it’s all noise,

World shares are mostly higher, with financial markets shrugging off U.S. tariff pressures on its trading partners.