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Investors didn't take President Donald Trump at his word, sparking an early market sell-off in reaction to his move to impose hefty tariffs on Canada, Mexico, and China.
In early trading all three of the major averages sank, before recovering some losses after the White House confirmed tariffs on Mexico will be delayed against Mexico.
The tech-heavy Nasdaq Composite (^IXIC) was down about 1% while the S&P 500 (^GSPC) fell about 0.8%. Meanwhile, the Dow Jones Industrial Average (^DJI) shed 0.4%...
>>> Read more: Monday's stock market action shows investors were 'underpricing' Trumpâs promised tariffs
In early trading all three of the major averages sank, before recovering some losses after the White House confirmed tariffs on Mexico will be delayed against Mexico.
The tech-heavy Nasdaq Composite (^IXIC) was down about 1% while the S&P 500 (^GSPC) fell about 0.8%. Meanwhile, the Dow Jones Industrial Average (^DJI) shed 0.4%...
>>> Read more: Monday's stock market action shows investors were 'underpricing' Trumpâs promised tariffs
