Stocks plunge after Trump's sweeping tariffs

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Stocks plunge after Trump's sweeping tariffs

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Global stocks plunged in early trading on Monday after President Donald Trump announced wide-reaching tariffs on America's largest trading partners. The S&P 500 was down around 1.4 percent as markets open, and the tech-heavy Nasdaq was 1.9 percent lower. Trump announced tariffs of 25 percent on Canada and Mexico over the weekend. The levies will be implemented on Tuesday if no eleventh hour deal is made. Trump also threatened the EU with similar measures, and said trade with the UK is 'out of line' but a deal 'can be worked out.
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