Global stocks paused and the dollar slipped on Wednesday as concerns over the potential impact of U.S. tariffs when Donald Trump returns to the White House prompted traders to take some profits off the table before the month ends.

Stocks shrug off a new Trump tariff threat as the president-elect vows sweeping levies on the biggest U.S. trading partners.

General Motors, Ford and Stellantis shares slid Tuesday after President-elect Trump threatened 25% tariffs on all imports from Canada and Mexico. The move by the new administration would likely stop American car demand in its tracks,