Stocks were mixed in early trading on Monday after President Donald Trump over the weekend issued 30% tariff s on the European Union and Mexico, rekindling tensions with two of the largest U.S. trade partners and threatening to raise consumer prices.

President Donald Trump is threatening to hit the European Union and Mexico with new 30% percent import taxes that will take effect Aug. 1 and he says he'll raise them even higher if any of the countries retaliate,