Wall Street took a nosedive 🎢 late Monday after former U.S. President Donald Trump announced surprise 25% tariffs on Canada and Mexico, sending shockwaves through global markets.
💥 Trade Bombshell Rocks Markets
Trump declared there was 'no chance' for either neighbor to avoid the new tariffs, set to take effect immediately. 'If they build plants here, problem solved,' he stated at the White House, doubling down on his America-first manufacturing agenda.
📊 Numbers Don't Lie
S&P 500 plunged 1.75% to 5,850
Nasdaq Composite crashed 2.64% to 18,350
Dow Jones slid 1.47% to 43,197
The Mexican Peso and Canadian Dollar both hit one-month lows against the greenback 💵, as investors scrambled to adjust portfolios.
🌐 Global Ripple Effect
Analysts warn this move could reignite North American trade tensions, with young professionals and entrepreneurs advised to watch tech stocks and cross-border startups closely this week.
