A sell-off hit Wall Street after President Donald Trump said tariffs he had announced earlier on Canada and Mexico would take effect within hours. The S&P 500 dropped 1.8% Monday after Trump said there was no room left for negotiations that could lower tariffs set to begin Tuesday on Canadian and Mexican imports.

The S&P 500 declined on Monday, continuing February’s losses as the approaching deadline for President Donald Trump’s tariff policies intensified economic concerns. At the time of writing, the Dow Jones Industrial Average was flat from the previous close,

Stocks erased morning gains and declined by afternoon on Monday as investors awaited President Donald Trump’s tariffs on imports from Canada, Mexico, and China set to take effect on Tuesday. In the afternoon,

Also in the semiconductor industry, Intel (INTC) gained 1.5% after Nvidia and Broadcom (AVGO) were said to be testing out chip production with the company. Intel was a large recipient of government funding from former President Joe Biden’s CHIPS & Science Act, signed in 2022.

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