US Stocks Plummet Amid Trump-Announced 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. The S&P 500 (^GSPC) fell 1.7%, posting its worst day of 2025, while the tech-heavy Nasdaq Composite (^IXIC) dropped 2.6%. The Dow Jones Industrial Average (^DJI) fell nearly 650 points, or almost 1.5%.
- The escalating trade tensions and uncertainty surrounding Trump's tariffs could have long-term implications for global supply chains and international trade relationships.
- How will the economic impact of these increased tariffs be felt by consumers and businesses in the coming months, particularly those in industries with high exposure to imported goods?