Wall Street trades mixed on Tuesday, with the S&P 500 briefly surpassing the 6,300 mark as investors weighed fresh inflation data and bank earnings. At the same time, the Nasdaq Composite jumped early following Nvidia’s announcement that it aims to resume sales of its H20 chips to Chinese customers.

Trump on Saturday said he would impose a 30% tariff on most imports from the EU and Mexico from August 1, even as they are locked in long negotiations.