Dow Sinks, S&P 500 Posts Worst Day of 2025 After Trump Forges Ahead on Tariffs.
US stocks plummeted on Monday afternoon, with selling accelerating in the last hour of trading after President Trump indicated there was "no room left" for tariff negotiations with Canada and Mexico, indicating that new levies against both countries will go into effect tomorrow. The S&P 500 fell 1.7%, posting its worst day of 2025, while the tech-heavy Nasdaq Composite dropped 2.6%. The Dow Jones Industrial Average fell nearly 650 points, or almost 1.5%, as the major US indexes came off a volatile week and a losing February.
- The escalating trade tensions between the US and its trading partners have created a perfect storm of uncertainty that is reverberating throughout the markets, with investors bracing for more economic data releases and potential policy changes.
- What will be the long-term impact on global supply chains and consumer resilience if these tariffs are allowed to become permanent, and how might this affect the overall trajectory of the US economy?