Markets on Wall Street inched up quietly early Wednesday as President Donald Trump's 50% tariffs on imports of steel and aluminum were due to kick in and U.S and European trade officials met in Paris to negotiate their tariff spat.

Wall Street's main indexes dipped on Monday after President Donald Trump said he plans to double tariffs on imported steel and aluminum, fueling more uncertainty around U.S. trade policies. Trump said late on Friday he planned to increase tariffs on imported steel and aluminum to 50% from 25% starting Wednesday,

Trump’s tendency to back off of his most extreme threats recently inspired a Financial Times writer to coin the phrase “ TACO trade ,” for “Trump Always Chickens Out.” But regardless of his reversals,