Global markets greeted Donald Trump's presidency with apprehension on Tuesday in moves that were highly sensitive to headlines over the newly sworn-in president's plans for trade relations and tariffs in particular.

In a bold move following his inauguration, President Trump announced plans to implement comprehensive tariffs as part of his economic agenda. He presented these tariffs as a pathway to make Americans richer by generating revenue from foreign imports.

Donald Trump commented on the upcoming tariffs during his first speech after being sworn in. "We will create an External Revenue Service to collect all tariffs, fees, and revenues for this purpose. It will be a huge sum of money from foreign sources,

Treasuries rallied as US President Donald Trump refrained from imposing China-specific tariffs and revoked offshore oil drilling bans in most US coastal waters, moves that calmed concern over inflation and bolstered bets for interest rate cuts from the Federal Reserve.

By Samuel Shen and Jiaxing Li SHANGHAI/HONG KONG (Reuters) -Chinese stocks and the yuan tentatively rose on Tuesday, with investors relieved that U.S. President Donald Trump did not announce hefty trade tariffs at his inauguration but unwilling to bet this meant improved U.