The New York Stock Exchange closed higher

At the close, the Dow Jones index rose 0.2 percent to 44,459.65 points.

The S&P 500 index rose 0.14 percent to 6,268.56 points, while the Nasdaq index gained 0.27 percent to 20,640.33 points. The Nasdaq index broke its closing record.

Despite growing concerns that US tariff threats could reignite trade wars, equity markets remained positive.

In the tariff letters he shared over the weekend, Trump announced that a 30 percent customs duty will be applied to products shipped from the European Union (EU) and Mexico to the United States starting August 1, separate from sectoral tariffs.

Analysts noted that concerns that potential retaliation from the EU and Mexico could lead to renewed confrontations over tariffs are affecting the direction of the markets.

Trump, on the other hand, said the resignation of US Federal Reserve (Fed) Chair Jerome Powell, who has previously pressured him to cut interest rates many times, would be a "great thing."

In a post on his social media account today, Trump claimed that the United States has been "rigged militarily and commercially for decades by its friends and foes," noting that this has cost trillions of dollars and is not sustainable.

Trump said other countries should say, "Thank you for the free ride for so many years, but we now know you have to do what's right for America."

Speaking at a press conference hosted by NATO Secretary General Mark Rutte at the White House, Trump expressed his dissatisfaction with Russia, stating that if no agreement was reached within 50 days, he would impose significant tariffs. Trump also threatened to impose secondary sanctions on Russia.

Trump stated that the tariff letters he sent were a "trade agreement" and signaled that he was open to negotiations with trading partners, including the EU.

Stating that they are always open to talk, Trump said, "We are open to talk, including with Europe. They even come here. They want to talk."

While statements from Fed officials are also being followed, Cleveland Fed President Beth Hammack emphasized that they do not know what the impact of the tariffs will be and said she does not see an imminent need to lower interest rates.

In the US, June consumer inflation data and the second quarter financial statements of some major banks will be closely watched tomorrow.