Wall Street traders rushed to unload stocks late Monday, after President Donald Trump confirmed that his threatened tariffs on Canada and Mexico would take effect early Tuesday.
In recent reports, China has rejected additional tariffs, and Canada is striking back With Tariffs on $107 Billion worth of US products.
The Dow Jones Industrial Average sank roughly 800 points, or 1.8%. The S&P 500 shed 2.1% and headed toward its worst day of 2025, while the Nasdaq Composite tumbled 3%. Nvidia led the tech rout, falling more than 9% on separate concerns about its global supply chain.