Markets Plunge as Trump’s Tariffs on Canada, Mexico, and China Spark Fears of Trade War

By FOX Business
Posted on 02/03/25 | News Source: FOX Business

U.S. stocks fell sharply in early Monday trading, the first session of the new month, after President Donald Trump imposed tariffs on major trading partners.

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite fell more than 1%.

Trump placed tariffs of 25% on imports from Canada and Mexico, and 10% on China over the weekend, causing concerns over how they will affect the global economy