Wall Street falls as Trump imposes invoices on Canada, Mexico and China

US reserves were immersed after President Donald Trump confirmed that abrupt tariffs in Canada and Mexico will come into force as planned, causing fears of escalating commercial tensions and economic uncertainty.

The Dow Jones industrial average decreased nearly 800 points or 1.8%, while the S&P 500 decreased by 2.1%, marking the worst day trading day. The Nasdaq complex destroyed 3%, weighed with a separate fall in Nvidia, which lost more than 9%.

Speaking to the White House alongside the Secretary of the Commerce Howard Lutnick, Trump said the deadline for trade negotiations had passed and the US would proceed with a 25% invoice to Canada and Mexico, effectively on Tuesday.

“There is no room for Mexico or Canada,” Trump said. “Tomorrow, invoices – 25% in Canada and 25% in Mexico – will start.”

The president also announced an additional 10% invoice in China, further increasing commercial tensions with Beijing, which has already reacted to previous duties. Trump reiterated that the “mutual” invoices would come into force on April 2, and were particularly implied by the new tasks for agricultural imports through a social position, though he did not provide details.

Even before Trump’s observations, the new financial data has marked growing concerns about the power of the US economy. A closely monitored meter of the construction of the activity showed increasing costs of suppliers, partially attributed to uncertainty over commercial policies.

“Incoming invoices are pushing our products higher prices,” said one machinery in the field of machinery at the Procurement Management Institute. “Most suppliers apply increasing price increases, with labor costs also increasing.”

The sale of the market was deleted the profits of Wall Street, where investors initially welcomed the policies of the new administration for liberalization and tax cuts. Dow, which had reached up to 5% this year, is now hovering only 1% above the starting level for 2025.

Consumers’ soft confidence and the sharp decline in retail sales last month have raised further concerns about economic prospects. The big companies, including Walmart, warned that the administration’s commercial policies could negatively affect businesses in the coming months. However, some companies, such as Chipotle, have said they plan to absorb the additional costs for now.