Investors are braced for more Trump tariffs as focus turns to inflation and Fed Chair Jerome Powell's Senate testimony.

President Donald Trump said Sunday he will announce 25% tariffs against all steel and aluminum imports into the U.S. on Monday.

Check back for updates throughout the trading day U.S. equity futures moved lower in early Tuesday trading, while gold prices jumped to a fresh all-time high, as markets reacted to the latest round of tariffs from President Donald Trump and looked for comments on its effects for the U.

U.S. stock index futures declined Monday evening after President Donald Trump signed executive orders imposing tariffs on steel and aluminum imports, fueling investor caution ahead of key inflation data.

Follow all the latest U.S. market action for Tuesday here as investors get ready for testimony from Fed Chair Jerome Powell, a day ahead of the next inflation report.