Stocks posted modest gains Thursday, as President Donald Trump moved forward with a tariff that excludes Canada and Mexico.

The Dow Jones Industrial Average advanced 93.85 points, or 0.38%, to 24,895.21. The S&P 500 rose 12.17 points, or 0.45%, to 2,738.97. The Nasdaq Composite was up 31.30 points, or 0.42%, at 7,427.95.

Trump signed onto a 25% tariff on imported steel and a 10% tariff on imported aluminum. The tariffs will not apply to Canada and Mexico, with Trump saying he will continue ongoing discussions with those countries as the U.S. seeks to overhaul the North American Free Trade Agreement (NAFTA).

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