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.

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

However, the stock market shifted into a higher gear in November after Donald Trump emerged as the victor on election night. While it's crystal clear that Wall Street loves President Trump, an inherited risk threatens to send the Dow Jones, S&P 500, and Nasdaq Composite tumbling.