U.S. stocks plummeted Monday afternoon after President Donald Trump confirmed that blanket tariffs on Canada and Mexico would begin Tuesday.
The Dow Jones Industrial Average closed lower by 650 points, or about 1.5 percent, after being down as much as 800 points after the president's remarks. The S&P 500 lost 1.75 percent for its biggest loss since December. The tech-heavy Nasdaq lost 500 points, or more than 2.5 percent.
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