US equities were mostly higher in Tuesday trading, near best levels. Tariff threat was the big story today after Trump posted Monday night that as part of his first executive orders, he will impose additional 10% tariffs on China goods and 25% tariffs on Mexico and Canada. Economists downplayed takeaways from November FOMC minutes given data dependence and fiscal and economic policy uncertainty, though minutes showed broad support for a gradual reduction in rates along with some uncertainty around a neutral rate.