Tech Stocks Slide as Trump's Tariffs Shake Markets

U.S. markets dropped sharply after President Trump confirmed new tariffs on Canada, Mexico, and China, with technology stocks leading the decline.

Major U.S. indices fell Monday, with the S&P 500 down 1.8%, the Nasdaq dropping 2.6%, and the Dow losing 1.5%.
President Trump announced 25% tariffs on imports from Canada and Mexico, plus increased tariffs on Chinese goods, effective Tuesday.
Technology stocks were hit hardest, with Nvidia, ARM, and Super Micro Computer experiencing significant losses of over 8%.
Concerns also grew over reports of Nvidia AI chips reaching China through third-party resellers, potentially violating U.S. export controls.
Analysts are divided on the long-term market impact, with some citing bearish sentiment and others highlighting potential domestic manufacturing boosts.