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International Business Times
International Business Times
National
Terry Massey

Wall Street Tumbles As Trump Touts Tuesday's Tariffs On Canada, Mexico

Traders work on the floor of the New York Stock Exchange in New York City at the opening bell on Nov. 13, 2024. (Credit: ANGELA WEISS/AFP via Getty Images)

Wall Street took a serious tumble Monday as President Donald Trump reiterated his plan to levy 25% tariffs on imports from neighboring Canada and Mexico beginning Tuesday.

The Dow Jones Industrial Average dropped 648.87 points (-1.48%) to 43,192.04 after swinging over 1,000 points on the day - from up more than 200 points earlier in the day to down 900 at one point shortly before closing. The Nasdaq fell 2.64% while the S&P 500 dropped 1.76%.

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