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 percent tariffs on America's largest trading partners would start on Tuesday.
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