Trump is considering invoking his emergency powers as president in order to carry out his plan to levy steep tariffs, CNN reported Wednesday morning.

U.S. stock futures were rising early Tuesday as the market grapples with possible repercussions from any tariffs imposed by President-elect Donald Trump. Trump quashed speculation that he would pare back plans to introduce across-the-board tariffs on imports when he takes office later this month.

The U.S. dollar eased towards a one-week low versus major peers on Tuesday as traders considered whether President-elect Donald Trump's proposed tariffs would be less aggressive than promised. On Monday,