US markets tumble as Trump confirms tariffs on Canada, Mexico
US stocks plunged on Monday after President Donald Trump announced that a 25% tariff on imports from Canada and Mexico would take effect on Tuesday, dashing hopes for a last-minute deal and reigniting trade war fears. The S&P 500 fell 1.8%, the Dow Jones Industrial Average dropped 649 points (1.5%), and the Nasdaq composite slumped…