US Stocks Plummet Amid Trump's Tariff Threats
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%. Tech led the sell-off, with shares of Nvidia (NVDA) tanking more than 8%.
- The escalating trade tensions between the US and its trading partners threaten to upend the fragile economic recovery, casting a cloud of uncertainty over corporate earnings and consumer spending.
- How will this latest escalation in tariffs impact the already volatile global supply chains and further disrupt the delicate balance of the world's largest economies?