U.S. stocks are drifting Tuesday following President Donald Trump’s latest escalation against the United States’ trading partners with tariffs. The S&P 500 was virtually unchanged in the market’s first trading since Trump announced 25% tariffs on all foreign steel and aluminum coming into the country.

Goldman Sachs will drop a demand that corporate boards of directors include women and members of minority groups as financial firms backpedal from D.E.I. promises.

U.S. stocks initially fell sharply on worries about President Trump’s tariffs but pared their losses after Mexico said it had negotiated a one-month reprieve.