The stock market plummeted after President Donald Trump confirmed tariffs on Canada and Mexico would go into effect at midnight.
The Dow Jones Industrial Index lost 2.1 percent, the S&P 500 fell 2.3 percent and the tech-heavy Nasdaq was down 3.2 percent in afternoon trading.
Speaking from the White House alongside Commerce Secretary Howard Lutnick, Trump confirmed 25% tariffs on America’s largest trading partners would start on Tuesday.
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