Wall Street is taking President Donald Trump’s latest threat on tariffs in stride, on the whole, and U.S. stocks are drifting higher on Monday. The S&P 500 was up 0.6% in midday trading, coming off a losing week that was bookended by worries about how potential tariffs could push up inflation and threaten the economy.

Asian shares are trading mostly higher after a Wall Street rally that followed profit reports from major companies.

Asian shares were trading mixed on Monday, as investors found bargains despite worries about U.S. President Donald Trump's various tariffs. Japan's benchmark Nikkei 225 shed 0.1% in early trading to 38,