Wall Street inches up amid Trump's trade threats

U.S. stock indices rose slightly on Monday after a weak opening, as markets digested ongoing trade escalation.

On Saturday, President Donald Trump announced a decision to impose 30% tariffs on the European Union and Mexico starting August 1.

Despite the announcement, officials from both the EU and Mexico expressed their willingness to continue negotiations with the United States.

In a separate development, Trump continued to pressure the Federal Reserve, calling for Chairman Jerome Powell to resign immediately.

Later this week, key inflation data for the previous month will be released in the United States, offering insights into how the trade war is affecting prices.

As of 16:37 GMT, the Dow Jones Industrial Average rose by 0.1% (21 points) to 44,392, the S&P 500 gained 0.1% (2 points) to 6,262, while the Nasdaq Composite increased by 0.2% (40 points) to 20,625.