Wall Street shifted lower in early trading Wednesday as markets took in more corporate earnings reports while considering the impact of tariffs being imposed by the United States and China.

U.S. equity futures tumbled in early Monday trading, while energy prices leaped and the dollar soared to a two-year high against its currency peers as markets reacted to the weekend tariff announcements of President Donald Trump and their potential to trigger a global trade war.

Among the S&P 500, 91% of stocks showed early declines following President Trump’s announcements of tariffs against Canada, Mexico and China.

President Trump may have just started, ended and won the shortest trade war in history. After declaring 25 percent tariffs on Canada and Mexico Saturday evening, he announced he struck a deal with the leaders of both countries by Monday afternoon,

Wall Street was mixed in light trading early Tuesday as anxiety dissipated somewhat after President Donald Trump agreed to a 30-day pause on his tariff threats against Mexico and Canada. Trump's imposed tariffs on China remained in place.