04:01 PM EST, 01/21/2025 (MT Newswires) -- US benchmark equity indexes ended higher Tuesday as markets digested President Donald Trump's initial agenda items and awaited Netflix's (NFLX) latest financial results.

* President Trump stopped short of announcing fresh import taxes on his first day in office, but said his administration plans to impose 25% tariffs on Mexico and Canada on Feb. 1, CNN reported, giving time for negotiations. According to a note from DeVere Group Tuesday, the US imported $475 billion worth of goods from Mexico and $418 billion from Canada last year, from cars to groceries. The US exported $354 billion of goods to Canada and $322 billion to Mexico last year.

* The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index deteriorated to minus 9.1 in January from minus 3.4 in the previous month. The index suggests further contraction in the sector, which is in line with the New York Federal Reserve's services measure released on Jan. 16.

* February West Texas Intermediate crude oil closed down $1.79 to settle at $76.09 per barrel, while March Brent crude, the global benchmark, was last seen down $0.71 to $79.44 as President Trump declared a national energy emergency on the first day of his return to the US presidency and postponed to Feb. 1 plans to immediately impose a 25% tariff on imports from Canada, which supplies 60% of US oil imports.

* Chinese authorities appeared to be softening their stance on the fate of TikTok, possibly paving the way for Beijing-based ByteDance to begin talks with American investors, according to a Tuesday report from South China Morning Post, citing people familiar with the matter. The development comes as President Trump said he wanted US-based owners to control 50% of the app's US operations, the Wall Street Journal reported Monday. Trump signed an executive order Monday to keep TikTok operating for 75 days.

* Apple ( AAPL ) iPhone sales slumped more than 18% in Q4, Bloomberg reported, citing an independent research firm. Shares of the iPhone manufacturer slid 3%.